Match-point 2035 – Serving India & The World

OmniScience Capital has released its report on Indian Service sector titled “Advantage Services India: 6 – 3 ($Tn)_Match-point 2035 – Serving India & The World” The report highlights the growing dominance of India’s services sector as the country progresses toward becoming a $10 trillion economy by 2035, with services expected to expand their share of GDP from ~55% currently to nearly 60%, translating into a ~$6 trillion economic opportunity. Currently, the services sector contributes around ~$2.2 trillion to India’s GDP and is projected to reach ~$6 trillion by 2035, implying a CAGR of ~10.6%.

% of GDP	India (2025)		India (2035)*
Agriculture, forestry, fishing	18%		10%
Industry	27%		30%
Services	55%		60%

The report notes that the services ecosystem continues to demonstrate strong structural momentum. India’s Services PMI has shifted to a higher expansionary range, rising from roughly 50–55 between 2015–2020 to about 55–60 in recent years, indicating stronger and sustained growth in service activity.

At the global level, India has also emerged as a significant player in services trade. India’s share in global services exports has increased from 1.9% in 2005 to 4.3% in 2023.

The report highlights that the services sector remains the largest and fastest-growing component of India’s Gross Value Added, delivering a 10-year CAGR of over 10% and 3-yr CAGR of 13.5%, higher than other economic segments.

GVA Growth	3-year CAGR	5-year CAGR	10-year CAGR
Agriculture & allied	9.5%	9.8%	9.9%
Industry	9.3%	10.5%	9.0%
Services GVA	13.5%	10.4%	10.7%
Total GVA	11.5%	10.3%	10.1%

Within the sector, financial, real estate and business services have emerged as the fastest-growing segment, delivering a 10-year CAGR of 11.3% and a strong 14.0% growth over the past 3-yrs. Similarly, public administration, defence and other services that have maintained consistent double-digit growth, reflecting sustained government spending.

GVA Growth in Services Constituents	3-yr CAGR	5-yr CAGR	10-yr CAGR
Trade, refreshment, transport, storage, communication and broadcasting	12.7%	8.6%	9.6%
Financial, real estate and business services	14.0%	12.1%	11.3%
Public Administration, Defence & other Services	13.6%	10.0%	11.3%
Total Services GVA	13.5%	10.4%	10.7%

Key Growth Vectors: Banks funding India’s capex cycle (~₹200 trillion corporate borrowing potential by 2030), Logistics scaling toward a ~$1 trillion opportunity by 2035, IT services retaining long-term structural strength despite near-term pressures, and Professional & commercial services benefiting from rising formalization and digitalization of business services.

India’s listed universe offers a broad and diversified opportunity set across services industries, with more than 470+ listed services companies above market-cap more than Rs 800 Cr with a combined market capitalization of nearly ₹197 trillion.

About OmniScience Capital Advisors Pvt. Ltd

OmniScience Capital is an investment management firm founded by an aII-IITian team specializing in scientific, research-led investing with INR 10 billion in clients assets. For nearly a decade OmniScience has catered to high-net-worth individuals (HNIs) and family offices, across 15+ countries and 25+ Indian states. The team developed the Scientific Investing Framework combining a scientific mindset, a unique investment philosophy, professional institutional practices and quant skills. Scientific Investing Framework, inspired by Graham, Buffett, and Lynch yet re-engineered for the modern economy, empowers it to identify supernormal businesses capable of compounding wealth through multiple market cycles.

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