India's services sector likely to grow to $6 trillion by 2035

India’s services sector, now contributing about §2.2 trillion to gross domestic product (GDP), is expected to grow to about $6 trillion by 2035, implying a compound annual growth rate (CAGR) of about 10.6 per cent, a report said Tuesday.

- INDO-ASIAN NEWS SERVICE

‘The huge surge will increase services’ share of GDP to nearly 60 per cent while it currently accounts for about 55 per cent of GDP, the report from OmniScience Capital said.

The report highlighted the growing dominance of India’s services sector "as the country progresses toward becoming a $10 trillion economy by 2035, translating into a roughly $6 trillion economic opportunity.”