The Services comprise
of sectors namely,
Trade; Hotels and Restaurants; Transport; Storage & warehousing;
Communication; Banking and Insurance; Real Estate; Business services; Public
administration and defence; Social and personal services; and Other services
including Education, Medical and Health, Religious and Other Community
Services, Legal Services, Recreation and Entertainment Services.
This Services constitutes a large part of the
Indian economy both in terms of employment potential and its contribution to
national income. Central Statistical
Office, Ministry of Statistics
and Programme Implementation
is responsible at the Central level to prepare GDP (Value Addition) estimates
for the Indian Economy. The estimates
are being released through ages now. The
official site of MOSPI does admit the significance and importance of the Service
Sectors.
About sixty per cent of total GDP (value addition) comes from above
mentioned Sectors.
Here
below we present the share of GDP at constant (2004-05) prices for the various service
sectors/ sub-sectors for the year 2004-05 (Base Year) and for latest available
years 2011-12 (quick estimates (QE) or first revised estimates (FRE) of the
advance estimates and are based on more data than what is being used to estimate
the advance estimates and its working methodology is quite in detail) and for
the year 2012-13 (provisional estimate (PE)).
|
Sectors
|
Share
of GDP at (2004-05) Prices
|
||
|
(%)
|
|||
|
|
2004-05
|
2011-12
|
2012-13
|
|
QE/FRE
|
PE
|
||
|
1. trade, hotels & restaurant
|
30.4
|
28.9
|
29.4
|
|
1.1 trade
|
27.5
|
26.5
|
27.1
|
|
1.2 hotels & restaurants
|
2.8
|
2.4
|
2.4
|
|
2. transport,storage & communication
|
15.8
|
18.2
|
17.3
|
|
2.1 railways
|
1.9
|
1.7
|
1.5
|
|
2.2 transport by other means
|
10.8
|
9.6
|
9.2
|
|
2.3 storage
|
0.2
|
0.2
|
0.2
|
|
2.4 communication
|
3.2
|
6.8
|
6.4
|
|
3. financing, real estate & bus services
|
27.7
|
31.0
|
31.4
|
|
3.1 banking & insurance
|
10.9
|
15.1
|
15.1
|
|
3.2 real est, O'ship of dwellings
|
17.0
|
15.9
|
16.3
|
|
4. community, social & pers. servs
|
26.0
|
21.9
|
21.8
|
|
4.1 public administration & defence
|
11.1
|
9.8
|
9.4
|
|
4.2 other services
|
15.1
|
12.3
|
12.6
|
|
5. GDP of All Service Sectors
|
100
|
100
|
100
|
Within
services, it is mainly trade, transport by other means, real estate, Ownership
of Dwellings, banking & insurance and communication who at present mainly having
the importance. Over time, transport by other means, railways, community,
social & personnel services are losing marginally their respective shares
to financial services and communication mainly.
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