Service sector in india

1. SERVICE SECTOR
INDUSTRY IN INDIA
Presented by-
Prabahon Bora(38)
Sony Sahu(50)
Alisha Yasmin Rehman(05)
Yeashmeen Rashid(57)
Priyanka Hazarika(39)
Sharadi Baruah(48)
Zafrid Sahid Hussain(58)

2. CONTENT
 Introduction
 Types of service industries
 Effects on economy
 Service sector industries in India and
their effects on Indian economy
 SWOT analysis of Indian service sector
 Initiatives of government
 Conclusion

3. Introduction
WHAT IS SERVICE SECTOR?
Service sector is the third of the
three economic sectors. This sectors
provides intangible goods like services.
Financial services, management
consultancy, telephony and IT are good
examples of service sector.
WHAT IS SERVICE SECTOR INDUSTRY?
The service sector industries are involved
in providing services to businesses as well
as final consumers.

4. Types of service sector
Service sector can be broadly divided into two parts:
(A)business services
i. Banking
ii. Insurance
iii. Transportation
iv. Warehousing
(B) Social services
A. Education
B. Health
C. Administration
(C)Personal services
A Tourism.
b. restaurants .
C Recreational.

6. 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.

8. Service sector industries in India and
their effects on Indian economy
Service sector industries in India
 Wide variety of sectors such as health care,
tourism, education, engineering,
communications, transportation, information
technology, banking, finance, management,
among others are available in India.
 The Government of India recognizes the
importance of promoting growth in services
sectors and provides several incentives

9. Effects on Indian Economy
 The services sector is the key driver of India’s economic
growth.
 The sector contributed around 66.1 per cent 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 Service sector.
 In Services sector, India world rank is 11 and GDP is
$1185.79 billion.
 Indian service sector has attracted FDI equity inflows in the
period April 2000-March 2017, amounting to about US$
59.47 billion which is about 17.92 per cent of the total
foreign inflows.

11. Swot analysis on Indian service sector
Strength
•Highly skilled, English-speaking workforce
•Cheaper workforce
•Abundant manpower
Weakness
•Cost of telecom and network infrastructure is
much higher in India than in US
•Lack of financial suppliers
•Political opposition
Opportunities
•Indian companies should work closely with
western governments and assuage their
concern and issues.
•Development market
•Can be branded as quality ITES destination
rather than a low cost destination
Threats
•Competition from China, Philippines and
south Africa could have an edge on the cost
factor
•Slowdown of demand
•Customer indecisiveness: the requirement
change and change often.

12. Initiatives of government
 Ministry of Civil Aviation, Government of India,
launched ‘DigiYatra’
 Various schemes to attracts FDI
 This service sectors are increasing standards of
living of Indian people, quality of service
available.
 Providing employment to the citizens.

13. CONCLUSION
 Service Sector is linked directly or
indirectly to everyone for their
livelihood.
 Service Sector plays an important
role for the development of a
country.
 Government has taken initiatives for
providing access to government
services.

14. REFERENCES
 Nayyar Gaurav,2012;The service
sector in India’s development.
 Bhattacharjee C,2005;Public sector
management-An Indian Perspective.
 Vijayakumar A.,2008;Service sector
in India:Recent Policy Initiatives.
 http://en.m.wikipedia.org