← GlossaryEconomy
Services Sector
The services sector includes trade, transport, finance, IT, telecom, hospitality, education, healthcare and government services. It is the largest part of India’s economy, contributing more than half of GDP.
Why It Matters
India is unusual for growing its services sector faster than manufacturing at its stage of development.
In India
IT services exports and financial services have made India one of the world’s largest service exporters.
See it in the news