Services exports set for $400 bn this fiscal
SEPC formulating strategies to propel sector’s growth
image for illustrative purpose
New Delhi: India’s services exports have touched $192 billion so far this fiscal and are expected to reach $400 billion by the end of 2023-24, SEPC said on Wednesday. Services Export Promotion Council (SEPC) said that key sectors which are recording healthy growth rates include telecom, computer, information, and transport and travel. The council is also engaged in formulating strategies to propel the sector’s growth, it said.
“As of the latest report, the services sector has demonstrated progress, with over $191.97 billion already accomplished out of the targeted $400 billion,” the council added.
It added that sectors like tourism, hospitality, and medical value tourism which suffered due to Covid-19 are now showing revival signs. In addition to this, sectors like legal, auditing, higher education, accounting, and logistics are showing good growth.
