Outpacing merchandise exports, India's services capturing larger share of global trade: RBI bulletin

New Delhi [India], April 23 (ANI): India's services exports, in US dollar terms, grew at a robust compound annual growth rate (CAGR) of more than 14 per cent over the last 30 years (between 1993 and 2022), significantly higher than India's merchandise export growth (10.7 per cent) as well as world services export growth (6.8 per cent), as per an article in the Reserve Bank of India's (RBI) monthly bulletin.

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