A recent report by Goldman Sachs on global services highlights India’s rise in this segment. Global services exports accounted for 7 per cent of World GDP in 2023. India, China and the UAE are gaining global share of services from developed economies.
India’s share in global services increased from 2 per cent in 2005 to 4.6 per cent in 2023, while India’s share of goods exports increased from 1 per cent to 1.8 per cent in the period.
Global capability centres (GCCs) have led the growth in professional consulting while computer services remain the dominant subsector in services.
![](https://bl-i.thgim.com/public/portfolio/stock-fundamental-analysis-india/rrnbp6/article68125635.ece/alternates/FREE_660/bl01May_Statistalk_service_industry.jpg)
![](https://bl-i.thgim.com/public/portfolio/stock-fundamental-analysis-india/q20r12/article68125644.ece/alternates/FREE_660/bl01May_Statistalk_service_industry2.jpg)
![](https://bl-i.thgim.com/public/portfolio/stock-fundamental-analysis-india/pmlm5x/article68125647.ece/alternates/FREE_660/bl01May_Statistalk_service_industry3.jpg)
![](https://bl-i.thgim.com/public/portfolio/stock-fundamental-analysis-india/585c86/article68125649.ece/alternates/FREE_660/bl01May_Statistalk_service_industry4.jpg)
![comment](https://assetsbl.thehindubusinessline.com/theme/images/bl-online/1x1_spacer.png)