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Global demand and movements in India’s real effective exchange rate emerge as key determinants of India’s services exports
Reserve Bank of India (RBI) has stated in a latest monthly update that an analysis of the long-term trend and cyclical components of India's services export growth shows a moderately increasing trend in services export growth since 2016. The dominating trend component during the early 2000s boom of the services sector moderated after the global financial crisis of 2008-09. However, it reversed around 2016, benefiting from the improvements in infrastructure (transport, logistics and information technology), technological advancements and services value chains.