<h1>India's Services Sector Grows 7.6% in FY24, Boosted by Digital Services & E-commerce, with 58.3% Rise in FDI & ECBs.</h1> India's services sector remains a critical driver of economic growth, contributing about 55% to the economy in FY24, with an estimated growth of 7.6%. The sector's expansion is supported by digital services, e-commerce, and increased demand for high-tech services. The government's policies have fostered investment and market access, enhancing competitiveness. Services exports accounted for 44% of total exports, with India ranking fifth globally. The sector saw a significant rise in credit inflow and foreign investment, with a 58.3% increase in FDI and ECBs. The services PMI reached 61.2 in March 2024, indicating robust business activity.