Services exports may rise to $800 bn by 2030: Goldman Sachs report

Goldman Sachs predicts that India's services exports will rise to $800 billion by 2030, up from $340 billion in 2023. This growth is expected to make India's external sector more resilient to supply-side shocks and reduce rupee volatility. The country's foreign trade policy aims to achieve $1 trillion in service exports by 2030. The report also suggests that India's high-value services will drive top-end discretionary consumption and demand in commercial and residential real estate.