2. Gross domestic product (GDP)
• Gross domestic product (gdp) refers to the market value of all final
goods and services produced within a country in a given period.
agriculture industry service gdp
3. Sector contribution to gdp (%)
5.1
4.8
4
3.5
3.2
2
1.4
1.8
2
2.5
2.8
3 3.1
2.7
3 3.1
3.5
4
4.8
5.3
5.9
1950 1960 1970 1980 1990 2000 2010
Agriculture industry service
4. Service
A type of economical activity that is intangible , is not stored and does
not result in ownership. A service is consumed at the point of sale .
Service are of the two key components of economics, the other being
goods.
5. Services classification in Indian economy
• Trade, hotels and restaurants
• Transport, storage and communication
• Finance, insurance , real estate and business service
• Community, social and personal services
• Information technology And may more
6. Service sector in India
• 59% share in GDP in 2014-2015
• Growth by 9% annually (2014-2015)
• Contribution to about a quarter of total employment (26.8%)
• 7th largest service exporter in world