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India’s services sector, now $2.2 trillion, is projected to hit $6 trillion by 2035, growing at 10.6% annually.
India’s services sector, worth $2.2 trillion today, is projected to reach $6 trillion by 2035, growing at a 10.6% annual rate and increasing its share of GDP to nearly 60%, according to OmniScience Capital.
The sector has outperformed others with a 10-year CAGR over 10% and a 3-year CAGR of 13.5%, led by financial, real estate, and business services.
India’s services PMI remains in expansionary territory at 55–60, while its global services export share nearly doubled to 4.3% since 2005.
Growth is driven by IT services, digitalization, logistics scaling toward a $1 trillion market, and formalization.
The listed services sector includes over 470 companies with a combined market cap near Rs 197 trillion.
Se prevé que el sector de servicios de la India, que actualmente asciende a 2,2 billones de dólares, alcance los 6 billones de dólares para el año 2035, con un crecimiento anual del 10,6%.