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Efforts to Increase Share of Service Sector in GDP

News and Press Release - Dated:- 17-11-2016 - As per Central Statistics Office (CSO) provisional data, the share of services sector to Gross Value Added (GVA) was 53.2 per cent in 2015-16 whereas the share of Industry sector was 29.7 per cent. In order to promote trade in services, Government of India follows a multi-pronged strategy of negotiating meaningful market access through multilateral, plurilateral and bilateral trade agreements, trade promotion through participation in international fa .....

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tor are: IT/TeS, logistic services which comprises courier services, retail including e-commerce and transport services, financial services (insurance and banking), utilities such as telecommunications and professional services (engineering services, architectural services, accounting and legal services). Therefore, these key service sectors are critical for the success of the Make in India Programme. The Make in India programme has identified twenty-five thrust areas from both manufacturing and .....

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