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contributing to about a quarter of total employment.2 and 25. Even small States such as Chhattisgarh and relatively low-income States such as Orissa and Rajasthan which have relatively low overall growth rates have started piggybacking on the good performance of their services sectors to climb up the ladder of progress.2 per cent share in gross domestic product (GDP). In 2009-10. If construction is also included.2 per cent in 2009-10. services growth was 10.7 per cent in the 1990s to 8.5 per cent in 1950-51 to 55.5 The share of services in India’s GDP at factor cost (at current prices) increased rapidly: from 30. 10.Ques) role of services in Indian economy? India stands out for the size and dynamism of its services sector. Interestingly. The ratcheting up of the overall growth rate (compound annual growth rate [CAGR]) of the Indian economy from 5.5 per cent in the 1990s to 10. India is also moving towards a services-led export growth. The overall openness of the economy reflected by . growing by 10 per cent annually.4 per cent. During 2004-05 to 2008-09 as per the Balance of Payments data. and recording very fast (27. and has recovered rapidly in the first half of 2010-11 with a growth of 27. then the share increases to 63. Services growth slowed in 2009-10 as a result of the global recession.3 per cent in 200405 to 2009-10. The services sector growth was significantly faster than the 6. merchandise and services exports grew by 22.1 per cent and in 2010-11State-wise growth of GSDP is also closely associated with faster growth of the tertiary sector.3 per cent respectively. Thus.4 per cent in 2009-10. but the decline was less pronounced than the slowdown in merchandise export growth. accounting for a high share in foreign direct investment (FDI) inflows and over one-third of total exports.6 per cent during the period 2004-05 to 2009-10was to a large measure due to the acceleration of the growth rate (CAGR) in the services sector from7.4 per cent) export growth through the first half of 2010-11. in part due to its rapid progress from a low base (only Goa’s growth rate in services is higher than that of Bihar. The contribution of the services sector to the Indian economy has been manifold: a 55. Bihar which has the highest overall growth rate in 2008-09 also has the fastest growth among States in services.6 per cent for the combined agriculture and industry sectors annual output growth during the same period. but this is for 2007-08). the services revolution in India seems to be becoming broader based rather than being concentrated in only a few States.

QUES) DIFFERENT SERVICE INDUSTRY IN INDIA AND THEIR CONTRIBUTION TO INDIAN ECONOMY? ANS) Various services in dustry in india are as follows?            Wholesale & retail trade Health care & social assistance Accommodation & food services Professional. The fall in the share of services trade to GDP was less than 2 percentage points from 12.The dip was more due to fall in share of merchandise trade to GDP to 35 per cent in 2009-10 compared to 41 per cent in 2008-09.2 per cent in2000-01 to 53.9 per cent in 2008-09.2 per cent.9 per cent to 11. culture & recreation Public administration & defence Business. scientific & technical services Educational services Finance. building & other support services Other services Their role in Indian economy individually are as follows? Wholesale and retail .total trade including services as a percentage of GDP shows a remarkable increase from 29.1 per cent in 2009-10 due to the global crisis . insurance. real estate & leasing Transportation & warehousing Information. though it dipped to 46.

While. The 'Ministry of Human resource Development' is involved in eradicating illiteracy from the country. education strongly influences improvement in health. Accordingly.The 'Ministry of Health and Family Welfare' is responsible for implementation of various programmes in the areas of health and family welfare. etc. clothing. and uses knowledge to enhance its growth and development. This industry is the largest employer .whether you are buying food. conducting surveys and studies. or simply browsing in a mall. providing just over 15% of all the jobs and generating 12% of the province’s total GDP. putting gas in the car. it is carrying out measures like National health policy. implementing National Rural Health Mission (NRHM) in different States. etc. They are one of the largest and most challenging sectors and hold a key to the country's overall progress. hygiene and demographic profile. The 'Department of Electronics and Information Technology' has been making continuous efforts to make India a front-runner in the age of Information revolution. picking up supplies for a do-it-yourself project. meeting needs of secondary and higher education for all. laying down of National Policy on Education. As a result. A large number of . IT continues to be a dominating sector in the overall growth of the Indian industry. India has achieved impressive demographic transition owing to the decline of crude birth rate. total fertility rate and infant mortality rate as well as gained high literacy rate in the country. crude death rate. you’re using the services of establishments in the wholesale & retail trade industry. India is witnessing a transition from agriculture-based economy to a knowledge-based economy. Health and edThe most important services in the Indian economy has been health and education. One of the major functional pillars of this economy is Information Technology (IT) and IT-enabled services (ITeS) industry. disseminates. achieving full adult literacy. Ucation It and Ites The era of economic liberalisation has ushered in a rapid change in the service industry. prevention and control of major communicable diseases as well as promotion of traditional and indigenous systems of medicines. over the years. or other necessities. A strong and well-defined health care sector helps to build a healthy and productive workforce as well as stabilise population. The knowledge economy creates. getting a new pair of glasses. It is concerned with universalisation of elementary education.

most of them are related to food items . music. broadcast. Several policies have also been framed on the key issues of IT infrastructure. Besides. It is basically an intellectual property-driven sector with small to large players spread throughout the country. retailing has been one of the fastest growing service sector both in terms of turnover and employment. regulations and laws relating to media industry. Out of the total retail outlets in the country. It covers film. Many national and global players have been investing in the retail segment and are making all efforts to further expand the sector. electronic governance as well as IT education.’ Media and entertainment Another major and upcoming service industry has been media and entertainment. radio. It plays a significant role in creating people's awareness about national policies and programmes by providing information and education to all.Indian software companies have acquired international quality certification. television and live entertainment. The 'Ministry of Information and Broadcasting' is responsible for formulation and administration of the rules.