<h1>India's Service Sector Boosts Economy: GVA Share Hits 55.3%, Exports Surge, Calls for Skilled Labor Rise</h1> The Economic Survey 2024-25 highlights the increasing contribution of India's service sector to the economy, with its share of Gross Value Added (GVA) rising from 50.6% in FY14 to 55.3% in FY25. The sector grew at 8.3% from FY23 to FY25, driving GDP growth despite challenges in manufacturing. Services exports surged by 12.8% during April-November FY25. The survey emphasizes the need for skilled labor and regulatory simplification to boost both manufacturing and services. The service sector employs about 30% of the workforce and has a significant role in India's external balance, with computer and business services leading exports.