Bihar Conclave 2025

services sector

India is set to become the world’s third-largest economy with a projected GDP of $7.3 trillion by 2030, the Union Government said on Saturday.

India attracted over $500 billion in foreign direct investment (FDI) equity inflows between 2014 and 2024, more than double the $208 billion.

India witnessed a 29% year-on-year surge in company incorporations and a 37% rise in LLP registrations in May 2025.

The global economy continues to struggle due to ongoing trade frictions, yet India’s economy demonstrates notable resilience.

India added over 1.62 lakh active companies in FY25, driven largely by growth in the industrial and services sectors.

India Inc’s credit ratio improved to 2.35 in H2 FY25, driven by domestic demand, but US tariffs threaten exports.

India’s private sector economy concluded the 2024/25 fiscal year on a strong note, with continued expansions in new business intakes.

A Crisil report projects India's real GDP to grow 6.5% in FY26 despite geopolitical and trade uncertainties.

India’s services sector saw strong growth in Feb, driven by rising demand, higher output, and increased employment, a survey showed Wednesday.

On Thursday, Mansukh Mandaviya announced that employment in India grew by 36%, reaching 64.33 crore in 2023-24 from 47.15 crore in 2014-15.