New Delhi: Asset management company Bandhan AMC, Head, Fixed Income, Suyash Choudhary has said that probably the most noteworthy feature of India’s recent macro-economic dynamics has been the increase in the trend rate of our services trade surplus. The monthly services trade surplus has been steadily rising from about $6 – 7 billion in the 2018 – 20 period to $10 – 14 billion over the last one and a half year. The narrative on why this is happening seems circling around the further proliferation of global capability centres in India. In other words, we are expanding our footprint in the share of the international service industry that is now getting outsourced to India. If the rise in serv
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