 "manufacturing")
India, like any country, integrates with the world through goods, services, and financial flows. It has done very well in the latter two. Now, it has a chance to emerge as a key player in global goods trade — potentially boosting its slowing gross domestic product (GDP) growth. The key question is: Can policymakers enable this shift?
Services trade from India has become a major success. From 2005 to 2023, India’s share of global services exports doubled — from under 2 per cent to over 4 per cent. Over the past decade, services exports grew over 8 per cent annually
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