Mumbai, Dec. 15 -- The services exports, which have been the strongest part of the country's growth story for more than two decades, have seen a sharp slowdown in recent years, even though long-term growth remains among the best globally, highlighted a report by DSP Asset Managers.

According to the data in the report, services exports have been the brightest spot in India's economic growth over the last two and a half decades.

Over the full period from FY01 to FY25, net services exports recorded a strong compound annual growth rate (CAGR) of 22 per cent. This is considered one of the highest growth rates in the world.

This strong growth in services exports, led mainly by the IT and IT-enabled services (IT&ES) sector. The large inflow o...