BBA LLB

Paper Code: BBALLB 115

Paper: Managerial Ecnomics
PSDA

Name: AKASH MALAYIL

Sec: A
THE SERVICES SECTOR:
A KEY DRIVER OF
INDIA’S ECONOMIC
GROWTH
CONTENT
 Introduction
 Types Of Services Industries
 Effects On Economy
 Service Sector Industries In India And Their
Effects On Indian Economy
 SWOT Analysis Of Indian Service
 Initiatives Of Government
 Conclusion
 INTRODUCTION
WHAT IS THE SERVICE SECTOR
WHAT IS THE SERVICE SECTOR? INDUSTRY?

The service sector is the The service industries

third of the three economic are involved in providing
sectors. This sector provides services to businesses as well
intangible goods like as final consumers.
services. Financial services,
management consultancy,
telephony and IT are good
examples of the service
sectors.
Types of service sectors
The service sector can be broadly divided into three parts:
(A) Business services
i. Banking
ii. Insurance
iii. Transportation
iv. Warehousing
(B) Personal services
i. Tourism
ii. Restaurants
iii. Recreational
(C) Social services
i. Education
ii. Health
iii. Administration
%SHARE- GDP
 EFFECTS ON ECONOMY
 The service sector plays an increasingly important role in
the global economy and the growth and development of
countries.
 The 2011 World Development Indicators show that the
services sector accounted for almost 71% of global GDP in
2010.
 For developing countries service trade is the new frontier
for enhancing their participation in international trade.
 Relative resilience in the latest financial and economic
crises.
 2012 GDP BY INDUSTRY (%)

AGRICULTURE & MANUFACTURING SERVICES

LIVESTOCK CONSTRUCTION & MINING
SERVICES SECTOR INDUSTRIES IN INDIA
AND THEIR EFFECTS ON THE INDIAN
ECONOMY
• The services sector is the key driver of India’s economic growth.
• The sector contributed around 66.1 percent of its Gross Value Added
growth in 2015-16, thereby becoming an important net foreign exchange
earner and the most attractive sector for FDI (Foreign Direct Investment)
inflows.
• In 2014, 57.9% of total GDP was produced by the Service sector.
• In the Services sector, India’s world rank is 11 and GDP is$1185.79 billion.
• Indian service sector has attracted equity inflows in the period April
2000-March 2017, amounting to about US$ 59.47 billion which is about
17.92 percent of the total foreign inflows.
SWOT ANALYSIS ON INDIAN
SERVICE SECTOR
INITIATIVES OF GOVERNMENT
• Ministry of Civil Aviation, Government of
India, launched 'DigiYatra’
• Start-up India
• Skill India
• FDI limit
• National Digital Health Mission (NDHM)
• National Broadband Mission
• Various other schemes
 CONCLUSION
꓿ Service Sector is linked directly or indirectly
to everyone for their livelihood.
꓿ Service Sector plays an important role in
the development of a country.
꓿ Government has taken initiatives for
providing access to government services.
THANK YOU