Question

WHAT IS THE CONTRIBUTION OF SERVICE SECTOR ESTIMATED IN GROSS VALUE ADDED OF INDIA IN THE YEAR 2017-2018

Answer 1

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HERE IS YOUR ANSWER  :-

The services sector is the key driver of India's economic growth. The sector is estimated to contribute around 54.0 per cent of India's Gross Value Added in 2017-18 and employed 28.6 per cent of the total population. Net Services exports from India grew 14.98 per cent year-on-year to US$ 77,562.89 million in 2017-18P.

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Answer 2

The service sector includes banks, hotels, real estate, education, health, social work computer service, media communication, recreation, water supply, electricity and gas. In 2017-18 service sector grew with 8.3% as compared to 7.7% in2016-2017.

India ranks 11 in the world I service sector. GDP of the service sector is dollars 1185.79 billion.