India booms as global services hub: Reform-drive key to transition

India’s transformation into a global services powerhouse is attributed not to chance but to deliberate structural reforms. Analysts note that digital governance, GST simplification, insolvency reforms and skill-upgradation programmes have all played major roles in enabling the country’s services exports to scale. Economist commentary says that India now ranks among the top 7 global services exporters and that staying competitive will require continuity of reform, investment in human capital, and prudent fiscal-monetary alignment. The narrative strengthens India’s positioning for long-term growth.