SERVICES SECTOR CONTINUES TO CONTRIBUTE SIGNIFICANTLY TO INDIA'S GROWTH, ACCOUNTS FOR ABOUT 55 PER CENT OF TOTAL SIZE OF THE ECONOMY IN FY24

SERVICES SECTOR CONTINUES TO CONTRIBUTE SIGNIFICANTLY TO INDIA'S GROWTH, ACCOUNTS FOR ABOUT 55 PER CENT OF TOTAL SIZE OF THE ECONOMY IN FY24 https://www.taxtmi.com/news?id=27631 The services sector, contributing about 55% of the economy in FY24, grew an estimated 7.6% driven by financial, IT and professional services, stronger domestic demand and e commerce. High PMI readings and rising services exports-44% of total exports-along with increased domestic bank credit and substantial FDI and ECB inflows, underpinned sectoral expansion and supported net services receipts. en-us Mon, 22 Jul 2024 14:55:36 +0530 Mon, 22 Jul 2024 14:55:36 +0530 TaxTMI RSS Generator SERVICES SECTOR CONTINUES TO CONTRIBUTE SIGNIFICANTLY TO INDIA'S GROWTH, ACCOUNTS FOR ABOUT 55 PER CENT OF TOTAL SIZE OF THE ECONOMY IN FY24 https://www.taxtmi.com/news?id=27631 The services sector, contributing about 55% of the economy in FY24, grew an estimated 7.6% driven by financial, IT and professional services, stronger domestic demand and e commerce. High PMI readings and rising services exports-44% of total exports-along with increased domestic bank credit and substantial FDI and ECB inflows, underpinned sectoral expansion and supported net services receipts. News - Mon, 22 Jul 2024 14:55:36 +0530 https://www.taxtmi.com/news?id=27631