Services Sector
- Increasing significance of services sector in the Indian economy:
- About 55 % of the total size of the economy and GVA growth.
- Two-thirds of total FDI inflows into India.
- About 38 per cent of total exports.
- More than 50 % of GVA in 15 out of the 33 states and UTs.
- Gross Value Added growth of the services sector moderated in 2019-20 as suggested by various high-frequency indicators and sectoral data such as air passenger traffic, port and shipping freight traffic, bank credit etc.
- On the bright side, FDI into services sector has witnessed a recovery in early ....
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- 4 Sustainable Development and Climate Change
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