New Delhi, Feb. 1 -- The services sector continues to be the backbone of India's economic growth. Its share in gross value added is estimated to increase from 50.6% in 2013-14 to 55.3% in 2024-25. The country has outpaced many lower- and middle-income countries in expanding its services footprint. Services exports aided this transformation significantly. India has become the seventh-largest exporter of services and the fourth-largest in digitally delivered services. Globally, services are driving growth even in countries where manufacturing is slowing down due to weaker merchandise trade. This creates opportunities for services exports and domestic services output. However, global supply chains face disruptions caused by geopolitical unce...