Sie sind auf Seite 1von 14

Contribution of Service

Sector In Indian
Economy

Presented by
Harsh Wasnik
Shamiulla Khan
Umeshanand Giri
Ravi Shankar Mishra
Contents

• Indian Economy.
• Service Sector in India.
• Classification of Service
Sector.
• Comparison Based on Pie
Charts.
• Some facts and figures.
• Conclusion.
Indian Economy
India is one of the fastest growing economy in the world
growing at the prosperous rate of 6.1%, at present and have
tremendous growth potential at per its population database,
which stands second in the whole world, number of
opportunities it pertains for the domestic as well as foreign
players in every other segment, and has marked its presence
in the world with consistent growth. Its current participation in
export accounts for 2.45% in the world trade activities,
contribution of service sector in country’s GDP is 56.6%
approximately and the economic policy of India is liberal to
every one supportive factors like skillful human resource and
availability of cheap labor force in comparison to other rivals
makes it the “Land of Untapped Opportunities” for both
growing business and investment and other activities.
Service Sector In India
Service Sector
Classification
o Tourism and Travels
o Hospitality( Hotels, Motels , Resorts).
o Catering And Restaurant Industry.
o Consultancy Services.
o Insurance .
o Health care and Hospital management.
o Housing and Construction Industry.
o Burial permission and dispose off agencies.
o Communication.
o Entertainment.
o Banking Services.
o Transportation and Logistics.
o Theme parks.
o Leisure activities industry.
Continued………
o Legal Agencies.
o Maintenance Services.
o Information Technology Services.
o Research and Development.
o Investment Advisers.
o Accounting and Tax Services.
o Electricity, Gas and Sanitary Services.
o Real Estates.
o Personnel Services.
o Social Organizations.
o Other Service Providers.
World Fact Book PIB Data For
(SAARC Countries) India 2007-08
Some Facts And
Figures
 Tourist arrivals has increased by 20%.
 Commercial vehicle production has increased by 49.7%.
 Railway revenue earning freight tariff has increased by 11%.
 New cell phone collection has increased by 167%.
 India is the third largest television market in the world.
 Poverty level has been significantly reduced by 10 % approx.
 The share of services in India's GDP increased by 21 per cent points in the 50
years between 1950 and 2000.
 About 43 % of India's geographical area is used for agricultural activity.
• Some of the major characteristics of Indian automobile sector are:
• Second largest two-wheeler market in the world.
• Fourth largest commercial vehicle market in the world.
• 11th largest passenger car market in the world
• Expected to become the world's third largest automobile market by 2030,
behind only China and the US.
Continued………
• Hotel Industry in India currently has supply of 110,000 rooms and
there is a shortage of 150,000 rooms fueling hotel room rates
across India.
• With increasing demand hotel rates in India are likely to rise by
25% annually and occupancy by 80%, over the next two years.
• Insurance sector in India is one of the booming sectors of the
economy and is growing at the rate of 15-20 per cent annum.
• According to an estimate by FICCI and Ernst and Young Indian
entertainment industry would worth more than Rs. 400,000 million
in 2008.
• Paper industry in India is the 15th largest paper industry in the
world.
• It provides employment to nearly 1.5 million people and contributes
Rs 25 billion to the government's kitty.
• In 1951, there were 17 paper mills, and today there are about 515
units engaged in the manufacture of paper and paperboards and
newsprint in India.
Continued………
 Indian Pharmaceutical sector is highly fragmented with more than 20,000
registered units and is very top heavy.
 The leading 250 pharmaceutical companies control 70% of the market with
market leader holding nearly 7% of the market share. There are also 5 Central
Public Sector Units that manufacture drugs.
 Real estate industry in India is presently worth $12 billion and is growing at the
rate of 30 per cent per annum. The importance of real estate sector in India
can be gauged from the fact that it is the second largest employer next only to
agriculture.
 Retail is India's largest industry. It accounts for over 10 per cent of the India's
GDP and around eight per cent of the employment.
 Driven by changing lifestyles, strong income growth and favorable
demographic patterns, Indian retail is expected to grow 25 per cent annually. It
is expected that retail in India could be worth US$ 175-200 billion by 2016.
 The telecom industry is one of the fastest growing industries in India. India has
nearly 200 million telephone lines making it the third largest network in the
world after China and USA. With a growth rate of 45%, Indian telecom industry
has the highest growth rate in the world.
Continued………
 According to an estimate total direct employment in the tourism
sector is around 20 million.
 In the year 2002, the Government of India announced a New
Tourism Policy to give boost to the tourism sector. The policy is
built around the 7-S Mantra of Swaagat (welcome), Soochanaa
(information), Suvidhaa (facilitation), Surakshaa (security),
Sahyog (cooperation), Sanrachnaa (infrastructure) and Safaai
(cleanliness).
 India is probably the only country that offers various categories of
tourism. These include history tourism, adventure tourism,
medical tourism (ayurveda and other forms of Indian
medications), eco tourism, cultural tourism, rural tourism,
religious/pilgrimage tourism, spiritual tourism, and beach tourism
etc.
Contribution of Service Sector in GDP For
Various Countries
Conclusion

“Nothing is permanent except


CHANGE”.

“Any Economies Growth and


Prosperity lies in its People and
Resources”.

“Service Sector is the backbone of


Indian Economy and its growth so we
have to sustain it for the coming
years”.
Thank
You

Das könnte Ihnen auch gefallen