Services: A Key Driver of Economic Growth and Development

In the face of economic uncertainties, developing nations are increasingly shifting their focus toward services as a key growth driver. Historically, manufacturing led the way, but World Bank research indicates that services now hold significant potential. Digital transformation, in particular, is driving foreign direct investment, creating high-skilled jobs, and opening doors for women in the workforce. As India looks to its economic future, this global trend underscores how a services-led model can be a catalyst for sustainable development.