Page 44 - DMGT522_SERVICES MANAGEMENT

Unit 2: Emergence of the Services Economy

Notes
Table 2.4: Annual growth in India’s Services GDP at factor cost (in constant prices)

Source: Computed from CSO data.
# includes the share of trade, hotels, & restaurants and transport, storage, & communication for 2011-12.
@ Provisional Estimates
* Quick Estimates
**Advance Estimates
Among ‘other services’ which have a share of around 8 per cent in India’s GDP, education,
medical and health, and personal services are the major items. Interestingly some items have
high growth rates with small shares which are rising. These include coaching centers with above
18 per cent growth in the last five years and share in ‘other services’ rising from 4.9 per cent in
2005-06 to 8.4 per cent in 2010-11; recreation and entertainment services with a steady 9 per cent
growth in the last five years and share in ‘other services’ increasing from 5.4 per cent in 2005-06
to 6.1 per cent in 2010-11; and custom tailoring with a steady 13 per cent growth in the last five
years and share in ‘others services’ increasing from 3 per cent in 2005-06 to 4.1 per cent in 2010-
11. The performance of the different services based on the different indicators shows that sectors
like telecom, tourism, and railways have done well in 2011-12 (Table 2.4). The performance and
outlook for the services sector based on limited firm-level data, though sketchy and based on
estimates and forecasts, show a mixed picture for this and the coming year.

2.5 Performances of Some Major Services

The performances of other services are as follows:

2.5.1 Trade

The value of trade (inclusive of wholesale and retail in the organised and unorganised sectors)
in India’s GDP at constant prices has grown from ` 433,967 crore in 2004-05 to ` 742,621 crore in

LOVELY PROFESSIONAL UNIVERSITY 39