The share of insurance and financial services in India's service exports has decreased significantly from 2013 (5.71%) to 2020 (3.18%). From 2021, the share has managed to stabilize, hovering around 3.45% by 2023. This has indicated a slight recovery after a continuous downward trend up to 2020.

- Year-on-year variation (2022-2023): -0.29%
- Year-on-year variation (2021-2022): +1.76%
- Last 5 years CAGR: 0%

Future trends to watch for include the impact of digital transformation in the financial sector, regulatory changes, and India's focus on boosting financial inclusion which can all affect the share of financial services in service exports.

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