Delivering India’s Service Excellence to the World
India’s Service Sector is playing a pivotal role in the growth of Indian Economy and employment generation. Over the years, Service Exports has constantly been giving trade surplus for India. India marks its position Globally by the ranked 6th Largest exporter (3.3% of World Exports) and 7th Largest importer (3.1% of world imports) in commercial trade services.
The service sector in India emerges as a significant player in terms of its contribution to national and states incomes, trade flows, and FDI inflows. India has export potential in many skill-based and labor-based services. For India services, particularly important are professional services, R&D services, consultancy services, printing and publishing services, telecommunication services, educational services, some financial and entertainment services. Therefore, India has great potential to be outsourcing destination for many above services.
Service Sector works in various domains :
- Health Services
- Hotel and Tourism
- Advertising Services
- Consultancy Services
- Entertainment Services
- Architectural Services
- Legal Services
- Accounting Services
- Environmental Services
- Marketing Services
- Printing and Publishing Services
- Educational Services
Service Sector is the largest and fastest growing sector in the Indian Economy, marking as high as 59% contribution to total GDP of India. Service Export is one of the key thrust areas of the Government of India. Majorly around 12 millions workforce seeking employability every year in sector alone. With the rapid growth in cities and industrialization on SEZ, will subject to bring mega job creation for boosting GDP of a country. As Government of India regularized the norms and taxes in the sector for Nation growth participation and development.
15 Comments. Leave new
Excellent work!
Very articulate
Superb. Good work!
excellent article
Good work Yashraj..
Nice article
Very informative and quite interesting! Service sector in India has improved a lot and contributes a lot in our GDP. The sector develops the primary and secondary sectors too. Good job 🙂
Well explained. 😀 And the stupendous growth of the service sector in India is actually a departure from the usual trend of secondary sector showing such growth as the economy grows and then eventually the service sector picking up. But in India, service sector has changed this trend.
Service sectors like telecommunication and travel tourism are doing a commendable job!
well written 🙂
Our young population acts as an strength for the services that we can provide globally and this sector is going to boom in the coming years
well written!
well written!
excellent work…..well done!
job well done..
well written