Services Sector Advantage India

As the world stand on the cusp of financial recovery it is an opportunity to build upon and maximise our potential as an important economic power. The recent changes in the global economic landscape shows the epicentre of growth has finally moved to our time zone. We have sustained the growth of 8-9% even in the hard time and embarking on the reform process keeping focus on the more open and equitable market. The story of India’s success is driven by growth in ‘services sector’ and powered by controlled monetary and fiscal policies of the Government. Today, India stands out for the size and dynamism of its services sector. The contribution of the services sector to the India economy has been very impressive; today services sector accounts for  around 60% of our GDP, growing by 10% annually, contributing to about a 35% of the total employment, accounting for the high share of the Foreign Direct Investment ( FDI ) inflows and in value terms over one-fourth  of India’s total exports.