A closer look at the rise in net exports of 'Other Business Services' and within which, specifically of ‘Professional and Management Consulting Services (PMCS)’.
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May 01, 2023
QuantEco Research || 'Other Business Services' exports: Answering 3 FAQs
While Telecom, Computer & Information net services exports from India have been traditionally strong, FY23 saw ‘Other Business Services’ emerge as a prominent category. Within Other Business Services, growth has been led by ‘Professional & Management Consulting Services’ (66%YoY over Apr-Dec FY23). Technology advancement and COVID both have had a role to hasten these exports, but a lot of questions remain.