India currently ranks second in telecommunication, computer and information services exports, and

sixth in cultural and recreational services exports. India has clearly benefited from technological
advancement and adoption. It also has a large pool of English-speaking workforce and engineering
talent. Further, the domestic digital infrastructure and policy focus have helped India gain a
significant global market share in information technology (IT) and IT-enabled services. This is also
reflected in the establishment of global capability centres (GCCs) by large multinational corporations
in India. Between 2015-16 and 2022-23, the number of GCCs increased by about 60 per cent to about
1,600. The increased adoption of digital technologies across the world has clearly benefited India. The
export of digitally delivered services was 37 per cent higher in 2022 than in 2019, which helped India
significantly. Aside from the tech sector, India’s travel export has been robust, though it is still
suffering from the effects of the pandemic, and is partly driven by medical tourism. India has also
done well in transport services exports and its rank in earnings improved from 19 in 2005 to 10 in
2022.