SEPC Service Sector
India is a net exporter with export volumes of as high as USD 54 billion in 2019 growing at the rate of 9 percent from USD 42 billion in 2017.
India has one of the fastest-growing advertising industries, recording about Rs 800 billion in revenue in 2019
India is the world’s second-largest telecommunications market with 1.16 billion subscribers.
India is 11th largest exporter of construction services in 2019 with USD 2.9 billion of exports.
FDI equity inflow for the consultancy services industry in India reached a new height of US$1.05 billion in FY20
The distribution and logistics services providers are gearing towards technology-based processes, improving warehousing and transportation capabilities and driving profitability and operational efficiency.
India has 18 per cent share of the global medical tourism market.
India’s exports of audio-visual services are to the extent of USD 600 million annually.
India exports about USD 40 million of environmental services annually.
India is one of the leading economies engaged in exports of Financial Services and poised to grow further .
Hospital industry in India is projected to rise to Rs. 8.6 trillion (US$ 132.84 billion) by FY22 from Rs. 4 trillion (US$ 61.79 billion) in FY17 at a CAGR of 16–17%.
IT and IT enabled services is the largest service export sector of India
There are currently over a million lawyers in India and an average of 75,000 more passing out every year from Indian law schools.
Sector revenue grew from US$ 602 million (2008) to US$ 1218 million (2019). India is ranked 16th in the world in terms of Market Research spend
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The value of the print industry in India was estimated to be over INR190 billion in 2020.
India ranks 7th in foreign tourist arrivals and tourism receipts.
India’s market share in the transport export services has been ranging between 1.5%-2%.
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