The Service industry forms a backbone of Social and Economicdevelopment of a region. It has emerged as the largest and fastest growingsectors in the world economy, making higher contribution to the global outputand employment. Its growth has been higher than that of Agriculture andManufacturing sectors. It is a large and most dynamic part of Indian Economyboth in terms of employment potential and contribution to National Income.It covers a wide range of activities, such as trading, transportation andcommunication, financial, real-estate and business services as well ascommunity, social and personal services.
The various sectors that combinetogether to constitute service industry in India are:
Hotels and Restaurants
Other Transport & Storage
Communication (Post, Telecom)
Dwellings, Real Estate
Public Administration; Defence
Total Contribution in GDP of 2006-07