Services

The services sector contributes more than 50% of India’s Gross Value Added (GVA) and continues to remain the mainstay of economic growth.

India is witnessing expansion in Global Capability Centres, creative industries and the space economy, strengthening the services-led growth model.

Aspect	Details
Services Contribution	Services contribute more than 50% of India’s GVA, making the sector the primary driver of growth.
GCC Ecosystem	India hosts over 1,700 Global Capability Centres (GCCs), employing nearly 19 lakh professionals.
Orange Economy	The Survey highlights the “Concert and Creative Economy” as an emerging driver of tourism, culture and urban economic growth.
Space Sector	India’s space sector is valued at USD 8.4 billion.
SpaDeX Achievement	India became the 4th nation to achieve autonomous satellite docking through the Space Docking Experiment (SpaDeX).

PT Facts

GVA: Gross Value Added shows sector-wise contribution to the economy.
GCCs: Global Capability Centres are offshore units of multinational companies for technology, analytics and business services.
Orange Economy: Refers to economic activities based on creativity, culture, arts, entertainment and design.
SpaDeX: India’s Space Docking Experiment demonstrates autonomous docking capability in space.

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