Service sector growth and performance in India-A comparative study

Services is the fastest growing sector in India, contributing significantly to GDP, GDP growth, employment, trade and investment. India's services sector expanded quickly with double-digit growth in the second half of the 2000s. As the Euro-zone crisis has worsened, growth has slowed, though the sector is still growing at a much higher rate than the other two sectors of the economy. This paper identifies a number of barriers faced by the services sectors, performance of service sector and growth in different time periods. In 2009–10, it accounted for around 62% of the total organised sector employment. However, within the services sector, over 80% of the employment is in the unorganised sector. Sub-sectors such as finance, insurance, real estate and business services and community, social and personal services largely provide organised sector employment. The period of the study is taken from 2000–01 to 2012–13 and based on secondary data.