Service sector in India - statistics & facts
Not only is the service sector in India dominant in terms of GDP contribution ahead of manufacturing and agriculture but is also an important source of Foreign Direct Investments into the country. From about 37 percent in 1990, the sector accounts for approximately half of the country’s GDP today. With the rise of digital transformation and technological advancements, the sector has seen significant growth in e-commerce, fintech, and IT-enabled services, making it a key driver of economic progress.
