Services export may grow 10% in FY22 due to growth in various sectors

The country's services exports are expected to grow 10 per cent in 2021-22 due to healthy growth of sectors such as professional and management consulting, audio visual, freight transport, and telecommunications, according to SEPC. Services Export Promotion Council (SEPC) Chairman Maneck Davar said despite the pandemic, the sector recorded a decline of only 3 per cent in exports in 2020-21 to USD 205.27 billion.
"Based on the RBI data, we are confident that we will again experience high growth as services exports are projected to grow by 10 per cent in 2021-22 due to the performance of sectors such as professional and management consulting services, audio visual and related sevices, freight transport services, telecommunications, computer and information services," he said.