* India is the export hub for software services. The Indian IT outsourcing service market is expected to witness 6–8% growth between 2021 and 2024.
* India‘s IT and business services market is projected to reach US$ 19.93 billion by 2025.
* India's software service industry is expected to reach US$ 1 trillion by 2030.
* Growing participation in PPP.
* In September 2023, India retains to 40th rank in the Global Innovation Index (GII), due to successful advancements in services that are technologically dynamic and can be traded internationally.
* Government is promoting necessary services and will charge zero tax for education and health services under the GST regime.
* Centre has formulated ‘Action Plan for Champion Sectors in Services’ to give focused attention to 12 identified Champion Services Sectors.
* The Indian services sector was the largest recipient of FDI inflows worth US$ 108 billion between April 2000-December 2023.
* According to the Ministry of Commerce and Industry, the service sector received US$ 5.1 billion in FDI equity inflows in FY24 (April-December).
* According to the IVCA-EY monthly PE/VC roundup, October 2022 recorded investments worth US$ 3.3 billion across 75 deals, including six large deals worth US$ 2.2 billion.
Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...
Mutual funds play an indispensable role in capital markets, serving as a gateway for individuals and institutions to access a diverse range of securit...
The logistics industry plays a vital role in the dynamic economic landscape of India by enabling the efficient movement of goods and services througho...
As urban markets become saturated, investors are turning their gaze towards the untapped potential of small-town innovation, driven by a desire to fos...
Women empowerment is a transformative force that goes beyond mere gender pa...
In recent years, India has rapidly risen as a global powerhouse within the ...
In India's big web of transportation, Indian Railways is like an import...