This industry’s terms of endearment have been code coolies, body shops, and unimaginative sweatshops. It is time these detractors were told to suck it up and find other uses of their time. November 2024 was a pivotal month for India. The country’s services exports, as per the data released by Indian Government’s Department of Commerce are expected to outstrip goods exports for the first time. After months of a steady rise, India’s services
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When Indian ‘body shops’ turn balance of payment bosses
Synopsis
For long, India’s services have brought home the dollars but have been hidden under the “invisibles” label in government account books; no longer. India’s services exports are now bigger than goods and the country’s competitive advantage in this field is unrivalled.
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