Accounting/Auditing and Bookkeeping Services
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. The accounting and finance services sector anticipates around 8% growth over 2016-2021. India has the highest number of accounting professionals – 2nd largest in the world after USA.
India has one of the fastest-growing advertising industries, recording about Rs 800 billion in revenue in 2019. Revenue generated by digital advertising across India was around Rs 199 billion in FY20
Architecture and related Services
India is 11th largest exporter of construction services in 2019 with USD 2.9 billion of exports. India’s engineering R&D market will rise from US$ 36 billion in FY19 to US$ 42 billion by FY22.
India is the world’s second-largest telecommunications market with 1.16 billion subscribers. Fair and proactive regulatory framework along with deregulation of Foreign Direct Investment (FDI) norms have led to tremendous growth for the sector.
Computer and Information services
Computer and information services is the largest service export sector of India. The scope of this sector has expanded significantly in the last 15 years with the increasing importance of the digital economy. India is the second largest exporter in computer and information services sector with a market share of 11%.
FDI equity inflow for the consultancy services industry in India reached a new height of US$1.05 billion in FY20 · India’s trade with world in Consultancy Services was US$54.2 bn in 2019
The distribution and logistics services providers are gearing towards technology-based processes, improving warehousing and transportation capabilities and driving profitability and operational efficiency.
India’s exports of audio-visual services are to the extent of USD 600 million annually. India’s market share has increased from 0.8% in 2015 to 1.6% in 2019.
India exports about USD 40 million of environmental services annually. The market for environmental services in developing countries like India has been growing due to increased environmental regulations, urbanization, industrialization and international commitments. The market for Indian environment services has requisite competitive strength to cater to the global market.
India is one of the leading economies engaged in exports of Financial Services and poised to grow further . In the Global Fintech Index 2020 rankings, Indian cities featured in the top 20 Asia-Pacific cities. India’s banking sector is on the way to becoming the third largest in the world by 2025 and bank credit is expected to grow at 17 per cent CAGR.
Hospital industry in India is projected to rise to Rs. 8.6 trillion (US$ 132.84 billion) by FY22 from Rs. 4 trillion (US$ 61.79 billion) in FY17 at a CAGR of 16–17% Healthcare is one of India’s largest sector, both in terms of revenue and employment India has 18 per cent share of the global medical tourism market. Around 697,453 foreign tourists came for medical treatment to India in 2019
Hotel and Tourism Related Services
India ranks 7th in foreign tourist arrivals and tourism receipts. Hotel and Tourism sector received cumulative FDI inflow of US$ 15.61 billion between April 2000 and December 2020. During 2010-2019, India has doubled its tourism exports, along with an increase in market share from about 1.5% to over 2.1%.
IT & IT Enabled Services
Computer and information services is the largest service export sector of India. The scope of this sector has expanded significantly in the last 15 years with the increasing importance of the digital economy.India is the second largest exporter in computer and information services sector with a market share of 11%
There are currently over a million lawyers in India and an average of 75,000 more passing out every year from Indian law schools. India’s legal services exports is to the tune of USD 800 million. India with its crop of intellectual lawyers has the relevant skill-set to handle high value legal tasks like legal research, drafting contracts and making determination regarding responsiveness of the document and privilege.
Maritime Transport Services
India’s market share in the transport export services has been ranging between 1.5%-2%. Maritime exports contribute about 70% of the total transport exports India has a higher 3.6% market share in the maritime domain India exported more than USD 21 billion worth of transport services in the year 2019
Marketing Research & POP/Management Services
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
Printing & Publishing Services
The value of the print industry in India was estimated to be over INR190 billion in 2020 By 2022, the number of people employed in the print media sector in India is expected to reach 93000 marking an increase compared to around 75000 employees in 201