India's Services Exports Surpass Goods for the First Time - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Aaron Glenn Returns to Jets as Head Coach, Aiming to End 14-Year Playoff Drought
user-iconAtlas Winston
side-post-image
Judge Denies Bob Menendez’s Request for New Trial Over Improper Juror Evidence
user-iconAtlas Winston
Contact Phone:
Economy

India's Services Exports Surpass Goods for the First Time

share-iconSaturday, January 04 comment-icon2 weeks ago 6 views
News sources:
indiatimesINDIATIMES
India's Services Exports Surpass Goods for the First Time

Credited from: INDIATIMES

  • For the **first time**, India's services exports were estimated at **$35.7 billion**, surpassing merchandise exports of **$32.1 billion**.
  • **Software services** contributed **47%** of total services exports, while Global Capability Centres (GCCs) are becoming increasingly significant.
  • The government is incentivizing manufacturing but services exports have boomed **without** the same level of support, exceeding merchandise exports since 1991.
  • GCCs, employing **3.2 million** professionals, contribute significantly to the economy by providing a high volume of **STEM graduates** and adding value to services.
  • India's **success in global tech services** positions it as a leader, contrasting with its challenges in expanding manufacturing capabilities.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Services exports Goods exports India economy Global capability centres Manufacturing
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 04, 2025 Trump Criticizes UK’s Windfall Tax as a Major Error
date-iconJanuary 04, 2025 HDFC Bank secures RBI approval to increase group stakes in three banks
nav-post-picture
Related Posts
main-post-image
POLITICS
New York Mayor Eric Adams Meets Donald Trump: Job Talks Amid Legal Controversy
date-iconJan 17, 2025
main-post-image
WORLD NEWS
US Expands Trade Blacklist, Targeting Zhipu AI and Sophgo Amid Growing Concerns Over Huawei
date-iconJan 16, 2025
main-post-image
ECONOMY
Electric Vehicle Market's Progress Expected to Continue Despite Republican Opposition
date-iconJan 11, 2025
main-post-image
ECONOMY
India's industrial growth expected to slow to 6.2% for FY25, with potential recovery in second half
date-iconJan 11, 2025
main-post-image
WORLD NEWS
Johor-Singapore SEZ: A Potential Catalyst for Economic Growth in Southeast Asia
date-iconJan 11, 2025
main-post-image
WORLD NEWS
Rising Cancer Rates Among Women and Young Adults Highlight Growing Health Concern
date-iconJan 16, 2025

Stay Connected

main-post-image
World News
Neighbor Accused of Waging 'War' on TikTok Photo Booth Owners in NYC, Allegedly Throws Urine and Feces
date-icon January 19, 2025
main-post-image
Entertainment
Francisco San Martin, Notable Actor from "Days of Our Lives" and "Jane the Virgin," Passes Away at 39
date-icon January 22, 2025
main-post-image
World News
As Trump Takes Office, Immigrant Communities Brace for Mass Deportations Across Major Cities
date-icon January 20, 2025
main-post-image
World News
Polar Vortex Brings Extreme Cold and Life-Threatening Weather to Millions Across the U.S.
date-icon January 18, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Aaron Glenn Returns to Jets as Head Coach, Aiming to End 14-Year Playoff Drought
user-iconAtlas Winston
side-post-image
Judge Denies Bob Menendez’s Request for New Trial Over Improper Juror Evidence
user-iconAtlas Winston
© 2025 All rights reserved | PRESS AI WORLD