<h1>India's Service Sector Drives Economic Growth with 55.3% GVA Contribution in FY25, Highlights Need for Skilled Labor</h1> The Economic Survey 2024-25 highlights the service sector's significant role in India's economy, with its contribution to the 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 amid manufacturing challenges. Services exports surged by 12.8% in FY25, bolstering India's external balance. The report emphasizes the need for skilled labor and streamlined regulations for further growth. Key sectors like IT, real estate, and telecommunications show robust performance, while tourism and hospitality have rebounded to pre-pandemic levels. The survey underscores the importance of continued investment in infrastructure and skill development.