Economic Survey 2024-25: India's Rank in Services Exports
The Economic Survey is a vital document presented annually that provides a comprehensive overview of the country's economic status, trends, and prospects. It serves as a crucial resource for understanding the government's economic policies and performance.
Understanding Services Exports
Services exports refer to the sale of services provided by a country's residents to non-residents. This category includes a wide range of sectors such as:
- Telecommunications Services
- Computer Services
- Information Services
- Financial Services
- Insurance Services
- Government Services
- Transport Services
- Travel Services
- And others.
India has been performing strongly in the global services export market, particularly in sectors like IT and related services.
India's Global Position
According to the Economic Survey 2024-25, India holds a significant position globally for its exports in the combined category of 'Telecommunications, Computer, and Information Services'.
India's global rank in exports for 'Telecommunications, Computer, and Information Services' is Second. This indicates India's strong competitiveness and growing dominance in these high-value service sectors on the world stage.
This ranking highlights the strength of India's digital economy and its capacity to provide sophisticated services globally.
Important Questions from Economic Survey 2024-25
- The Economic Survey 2024–25 states that India’s foreign exchange reserves were adequate to cover approximately what percentage of external debt as of December 2024?
What is the estimated real GDP growth rate for India in the fiscal year 2025-26, according to the Economic Survey, 2024-25?
Compute the fiscal deficit from the given data:
Total receipts are ₹13,500 crores and total expenditures are ₹15,000 crores. Revenue receipts are ₹3500 crores. Capital receipts in the form of Government's market borrowings and other liabilities are ₹2500 crores. Loan recoveries are ₹7500 crores.Which of the following are revenue receipts of the Central Government?
(A). GST
(B). Provident Fund
(C). Interest receipts
(D). Recoveries of loans and advances from State Governments
Choose the correct answer from the options given below:- The conversion rate between the physical rupee and the digital rupee is determined by which of the following in India?
