<h1>India's Services Sector Rebounds with 8.4% Growth in FY22 and Projected 9.1% Expansion in FY23.</h1> The services sector in India rebounded significantly in FY22, growing by 8.4% YoY, after a previous contraction. The sector is projected to expand by 9.1% in FY23, driven by contact-intensive services and increased bank credit, which grew by 21.3%. Services exports rose by 27.7% in April-December 2022, with significant contributions from the IT-BPM industry, which saw a 15.5% revenue increase. The real estate sector showed resilience despite rising costs, and digital financial services saw high adoption rates. Tourism and e-commerce also experienced growth, supported by government initiatives. However, external economic factors pose potential risks to continued growth.