https://www.taxtmi.com/news?id=32178 Service sector contribution to Gross Value Added rose from 50.6% to about 55% between FY14 and FY25, with real GVA growth averaging above six percent annually and 8.3% in FY23-FY25; services aided GDP growth amid manufacturing weakness and saw export acceleration driven by computer and business services. Financing expanded via bank credit (13% YoY growth, strong gains in software and professional services) and FDI inflows concentrated in insurance and financial services. Policy priorities emphasise skilling, regulatory simplification, connectivity improvements, and a sub-sector classification framework for targeted interventions. en-us Fri, 31 Jan 2025 17:29:08 +0530 Fri, 31 Jan 2025 17:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32178 Service sector contribution to Gross Value Added rose from 50.6% to about 55% between FY14 and FY25, with real GVA growth averaging above six percent annually and 8.3% in FY23-FY25; services aided GDP growth amid manufacturing weakness and saw export acceleration driven by computer and business services. Financing expanded via bank credit (13% YoY growth, strong gains in software and professional services) and FDI inflows concentrated in insurance and financial services. Policy priorities emphasise skilling, regulatory simplification, connectivity improvements, and a sub-sector classification framework for targeted interventions. News - Fri, 31 Jan 2025 17:29:08 +0530 https://www.taxtmi.com/news?id=32178