India Services Tenders

India's services market is a major contributor to the country's economic success, accounting for over 60% of its GDP. This sector is valued at US$1.5 trillion in 2023 and is expected to grow at a robust 9.7% annually, driven by factors like:
Rising disposable incomes
Increasing demand for technology and professional services

Government initiatives promoting service exports
Here are some key services segments and their market size:
IT & Business Services: US$13.87 billion (2022)
Professional Services: US$0.90 billion (2023)
Financial Services: US$370 billion (2022)
Healthcare & Social Services: US$231 billion (2022)

Main Services Products and Services Procured by India Government
The Indian government plays a significant role in driving the services market through its procurement activities. In 2022, the government spent over ₹18 lakh crore on services, encompassing a wide range of areas like:
IT services: Software development, cloud computing, data analytics, cybersecurity.
Professional services: Consulting, engineering, legal, accounting.
Healthcare services: Medical equipment, pharmaceuticals, hospital management.
Education services: Educational materials, teacher training, school maintenance.
Infrastructure projects: Construction, maintenance, transportation services.
Social services: Welfare programs, sanitation, waste management.

Top Authorities for India Services Procurement
Several government entities oversee and manage services procurement:
Central Public Procurement Portal (CPPP): Serves as an online platform for government agencies to advertise and manage tenders.
Directorate General of Supplies and Disposals (DGS&D): Acts as a central procurement agency for various government departments.
State Public Procurement Portals: Each state has its own portal for managing local government procurement activities.

Top Winners of India Services Procurement
Leading companies frequently secure government service contracts, including:
IT services: TCS, Infosys, Wipro, HCL Technologies, Accenture.
Professional services: PwC India, Deloitte India, EY India, KPMG India, McKinsey & Company.
Healthcare services: GE Healthcare India, Siemens Healthineers India, Philips India, Abbott India.
Education services: Pearson India, McGraw-Hill Education India, S Chand Publishing, NCERT.
Infrastructure projects: Larsen & Toubro, Mahindra EPC, GMR Infrastructure, Tata Projects.

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