Download Editable PowerPoint Slide on Share of Services in GDP
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PowerPoint Slide on Share of Services in GDP
APR 2010
1
Economic development is accompanied by a structural shift as the GDP composition shows an increase in contribution of services to the GDP.
Developed countries have more than 70% of GDP from services. India is currently witnessing expansion of services like banking, insurance, health care, education and IT services. These sectors are expected to push growth. In 2007-08, services contributed to nearly 63% of the GDP. Since 2000, the services sector has played a dominant role in the Indian growth story.
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