Question
Which of the following statements is/are correct in
regards to the service sector in Economic Survey 2022-23? 1.India is the world’s 7th largest services exporter 2.The services sector has also been the largest recipient of foreign direct investment 3.India ranked 10th in the Medical Tourism Index 2021.Solution
India is the world’s 7th largest services exporter. Share of the services sector accounted for 54% of the total Gross Value Added (GVA) in FY21. The services sector has also been the largest recipient of foreign direct investment, making up for 53% of the total inflows between 2000 and 2021 and India ranked 10th in the Medical Tourism Index 2021.
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