New Delhi, April 30 -- According to a report titled 'India's rise as the emerging services factory of the world' by Goldman Sachs, India's services exports are projected to soar from USD 340 billion in 2023 to a staggering USD 800 billion by 2030.

This surge in services exports is expected to fortify the external sector's resilience against supply-side shocks and mitigate rupee volatility.

The report's baseline scenario suggests that by 2030, services exports could account for approximately 11 per cent of India's GDP, up from 9.7 per cent in 2023.

Assuming no significant fluctuations in commodity prices and the goods trade balance beyond 2024, the report forecasts a current account deficit of 1.1 per cent of GDP.

Earlier in March, Com...