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Services sector shows 23.69% growth in Rupee terms
Number of operational SEZs grow to 241
Posted On: 18 FEB 2020 5:28PM by PIB Delhi
The Special Economic Zones (SEZs) continue to take the lead in expanding the exports for the country. Even in the midst of volatile global economy, SEZs in India have shown resilience and have achieved 100-billion-dollar worth of exports in FY 2019-20,as on 17thFebruary 2020. It may be mentioned that SEZs achieved this land-mark of 100-billion-dollar worth of exports in 2018-19 in full financial year. A comparison of FY 2019-20 vs. 2018-19 upto February 17th is given below:
Exports in INR Terms (In Crores)
Export Segment
FY 2019-20 (Upto Feb 17)
FY 2018-19 (Upto Feb 17)
Growth in Export Value (INR)
Growth in Export Value (%)
Merchandise
2,97,557
2,86,553
11,004
3.84%
Services
4,04,264
3,26,825
77,439
23.69%
7,01,821
6,13,378
88,443
14.42%
Exports in USD Terms (In Millions)
Export Segment
FY 2019-20 (Upto Feb 17)
FY 2018-19 (Upto Feb 17)
Growth in Export Value (USD)
Growth in Export Value (%)
Merchandise
42,702
41,471
1,231
2.97%
Services
57,891
47,217
10,674
22.61%
1,00,593
88,688
11,906
13.42%
It is observed that while the services segment, constituting majorly of IT &ITeS services was driver of the export growth at 23.69 %.Therewas almost 4% growth in manufacturing segment also. This reflects overall expansion and interest in SEZs in the country.Numberof operational SEZs have grown to 241 as against 235 at the end of FY 2018-19.
Important sectors that saw healthy growth in this financial year include Gems & Jewelry (13.3%), Trading & Logistics (35%), Leather & Footwear (15%), Non-Conventional Energy (47%), Textiles & Garments (17.6%). Petrochemicals constitute a major segment of SEZ exports, howevergrowth was muted in this segment; which may be attributed to softening of global crude prices.
