this slide is about contribution of service sector in India and within jammu & kashmir State. how service sector are contributiong towards country GDP. What are the various invetments are taking.

1. CONTRIBUTION OF SERVICE
SECTOR IN INDIAN ECONOMY

2. INTRODUCTION
• The services sector is not only the dominant sector in
India’s GDP, but has also attracted significant foreign
investment flows, contributed significantly to exports as
well as provided large-scale employment.
• India’s services sector covers a wide variety of activities
such as trade, hotel and restaurants, transport, storage and
communication, financing, insurance, real estate, business
services, community, social and personal services, and
services associated with construction.
• India ranks fifteenth in the services output and it provides
employment to around 23% of the total workforce in the
country.

3. Market Size
The sector has contributed 54.17 per cent of India’s Gross Value Added
at current price in 2018-19*. Net service exports stood at US$ 60.25
billion in April-December 2018 (P).
Investments
Some of the developments and major investments by companies in the
service sector in the recent past are as follows:
Business travel and tourism spending are expected to increase to US$
234.4 billion and US$ 12.9 billion in 2018, respectively.
India’s earnings from medical tourism could exceed US$ 9 billion by
2020.
Indian healthcare companies are entering into merger and acquisitions
with domestic and foreign companies to drive growth and gain new
markets.

4. TOP 5 SERVICE SECTOR COMPANY IN INDIA
1. Reliance Industries
2. HDFC BANK
3. ICICI Bank
4. HDFC
5. Tata Consultancy Services

5. CONTRIBUTION OF SERVICE
SECTOR IN J&K STATE
With a 56 per cent share, the service sector constitutes
most of J&K’s economy.
Other two major sectors constituting the state economy
are industry at 27.8 per cent and agriculture at 16 per
cent.
The tourism sector plays an important role in the state’s
economy.
Tourism also caters to the allied sectors like handicrafts,
handlooms, and transport. Despite the state’s unique and
rich culture and heritage assets, the tourism sector
accounts for only around 6.98% of the state’s GDP.

7. ACHIEVEMENTS OF SERVICE SECTOR
IN PAST FOUR YEARS IN INDIA
• India’s rank jumped to 24 in 2018 from 137 in 2014 on
World Bank’s Ease of doing business - "Getting
Electricity" ranking.
• Five times more growth in major ports’ traffic between
2014-18, compared to 2010-14.
• Six-fold increase in Government spending on
telecommunications infrastructure and services in the
country – from Rs 9,900 crores during 2009-14 to Rs
60,000 crores (actual + planned) during 2014-19.
• A total of 11 projects worth Rs 824.80 crore were
sanctioned under the Swadesh Darshan scheme.
• Highest ever revenue was generated by Indian IT firms
at US$ 167 billion in 2017-18.