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 ....
Do You Want to Read More?
Subscribe Now

To get access to detailed content

Already a Member? Login here


Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.

Related Content