Goldman Sachs’ Post

📈India services exports to grow📈 Goldman Sachs report indicates a promising trajectory for India's services exports, foreseeing a climb to $900 billion by 2030, a significant boost from $338 billion recorded in 2023. Here's a snapshot of the remarkable journey and potential ahead: •⁠ ⁠India's services exports soared over six times from $53 billion in 2005 to $338 billion in 2023. •⁠ ⁠The country's slice of the global services export pie surged from less than 2 percent in 2005 to 4.6 percent in 2023, demonstrating swift growth, trailing only Singapore and Ireland. •⁠ ⁠Computer services remain dominant, constituting nearly 50 percent of India's services exports. •⁠ ⁠GCCs in India have witnessed impressive growth, with revenue surging almost fourfold to $46 billion by FY23, achieving a CAGR of 11.4 percent over the past 13 years. India's burgeoning services sector continues to make waves globally, poised for even greater heights in the years to come. #IndiaEconomy #ServicesExports #GCCsGrowth

Goldman Sachs predicts this ‘favourable scenario’ for Indian economy by 2030 Full Article Link >>> https://lnkd.in/g8mdAEhh May 02, 2024 02:05 PM IST The current account deficit could also improve to average around 0.6% of GDP over the medium term, Goldman Sachs said. India’s services exports are likely climb to $900 billion- about 12.4 percent of its GDP, by 2030- Goldman Sachs said in what it called a “favourable scenario” of the […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

India's service exports are projected to soar to $800 billion by 2030, indicating a dynamic growth trajectory that positions the nation prominently in the global services sector. This growth is integral for the GCC region, as it underscores India's expanding role as a major services hub, driven by advancements in high-value sectors. Such developments are pivotal for fostering deeper economic collaborations within the GCC, enhancing trade and investment opportunities in a region known for its strategic economic alliances. Goldman Sachs nasscom SSON Research & Analytics SSON Zinnov UBS Forums Pvt. Ltd. For more insights, read the full article on [Republic World](https://lnkd.in/dafFKPke).

Indian Companies turn to Overseas Markets as Domestic Markets Shine As the economic landscape in India continues to shine with optimism, Indian companies are increasingly turning their gaze towards international markets, seeking new avenues for growth, according to a CRISIL report. News: https://rb.gy/b2knvl #Indiancompanies #internationalmarkets #internationaloperations #Indianfirms

Divergence in services exports across economies Larger DMs have lost share while EMs have gained share. According to recent data, the US, UK, and Germany remain the world's biggest services exporters, accounting for a significant portion of the global market. However, other larger DM economies like Japan, France, and the UK have lost share in the global market by around 70-120bp. On the other hand, Ireland has seen the highest increase in share by around 340bp, mainly due to a rise in global computer services exports. Emerging market economies led by India, China, and the United Arab Emirates account for around 4.6, 4.5, and 2.2% respectively, having gained around 2.7, 1.5, and 2.0pp. The trend highlights the changing landscape of the global services market and presents opportunities for businesses to explore new markets and strategies to stay competitive. India’s services exports have grown more than 6x from USD 53bn in 2005 to USD 338bn in 2023 — almost double the rate of world services exports growth during the same period (5.5% CAGR). As a percentage of GDP, it has grown from 6.7% in 2005 to 9.7% in 2023. The growth of India’s services exports has outpaced the growth in its goods exports, which increased from 1.0% of world merchandise exports in 2005 to 1.8% in 2023. Source: Morgan Stanley Research report #emergingmarkets #india #equities #investments #servicesindustry #gdp

𝗜𝗻𝗱𝗶𝗮 𝘀𝗲𝘁 𝘁𝗼 𝗯𝗲𝗰𝗼𝗺𝗲 𝘁𝗵𝗶𝗿𝗱-𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 𝗯𝘆 𝟮𝟬𝟯𝟬: 𝗦&𝗣 𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗮𝘁𝗶𝗻𝗴𝘀 India will become the world's third-largest economy by 2030, a report released by S&P Global Ratings said on Tuesday. In 2026-27, India's gross domestic product (GDP) is expected to grow 7 per cent. India is currently the fifth largest economy in the world behind the US, China, Germany and Japan. In its "Global Credit Outlook 2024", S&P said that India would be the fastest-growing emerging market in the world. Still, its paramount test will be whether the country can become the next big global manufacturing hub. #india #economy #stockmarket #bullmarket #nifty #nifty50 #sensex #giftnifty #business #finance https://lnkd.in/dpxNiafR

🚀 Exciting News Alert! India's economic growth story continues to impress as business activity hits a seven-month high in February. We are thrilled to witness the resilient demand in both the manufacturing and services sectors, indicating potential relief from price pressures. With remarkable growth observed in 2024 and a surge in new export orders, India's economic trajectory remains promising for global investors. The surge in new orders across the private sector is at its highest since the mid-2010s, reflecting a robust market sentiment. Additionally, factory output reaching a five-month high and the acceleration of international orders are significant findings highlighting India's growing influence in the global economy. Join us in navigating these exciting opportunities and stay ahead in the investment landscape! 💼📈 moneycontrol.com Link to Article: https://bit.ly/48qxD4b  #IndiaStory #EconomicGrowth #InvestmentOpportunities #BusinessNews

INDIA: Goldman Sachs forecasts India's services exports to surge to US$ 800 billion by 2030, a significant rise from US$ 340 billion in 2023, bolstering the external sector and curbing rupee volatility. The report titled 'India’s Rise as the Emerging Services Factory of the World' projects services exports to represent around 11% of GDP by 2030, compared to 9.7% in 2023. The current account deficit is expected to average around 1.1% of GDP from 2024 to 2030, with projections for 2024 remaining unchanged at 1.3%. Geopolitical tensions in West Asia and reduced agricultural exports to Iran pose risks to potential gains from services exports. India's contribution to global services exports has more than doubled in the last 18 years, with the emergence of global capability centers (GCCs) driving growth. High-value services are anticipated to fuel demand for top-tier discretionary spending, stimulating domestic commercial and residential real estate activity.

India's economy is projected to grow by 6.5 per cent in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports.