Which among the following statements regarding India's services export is/are not correct? 1. India's share in global services export has more than doubled, reaching around 4.3 percent in 2023 from 1.9 percent in 2005. 2. Travel' and Transport' services represent areas where India holds a relatively larger share in global export, at 10-2 percent and 8.5 percent respectively in 2023. Select the answer using the code given below.

Statement 1 is correct. India's share in global services exports has more than doubled, rising from 1.9 percent in 2005 to approximately 4.3 percent in 2023. This growth reflects India's emergence as a major services hub, with exports reaching nearly $340 billion in 2023. Statement 2 is incorrect. While India holds a significant global share in certain service categories, the 10.2 percent share specifically refers to 'Telecommunications, Computer, and Information Services' (IT services), not 'Travel' [2]. In contrast, 'Travel' and 'Transport' services are not the areas where India holds its largest global market shares; travel services actually grew at the slowest pace among India's service exports over the last 18 years. Therefore, only the second statement is incorrect.

Sources

1. [2] https://www.business-standard.com/industry/news/india-global-services-export-to-reach-800-billion-by-2030-goldman-sachs-124043000713_1.html