Indian industry need diversification in services: Commerce Secretary
India, Sept. 10 -- The Indian industry needs to diversify its services exports beyond the two dominant segments of IT/ITeS and professional services to achieve sustainable growth, Commerce Secretary Rajesh Agarwal said here on Wednesday.
Addressing a session at the Global Fintech Fest 2026, he also said the global financial services is growing and stand at around $670 billion, but India's share is just $8 billion, which is just over one per cent of the global trade. "Fintechs here can make the change...Out of the $8 billion, 95 per cent is digitally delivered financial services... Services which are delivered cross-border sitting back in your country, so that is probably the strength of India and that is where we are growing. So now it i...
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