Abstract
Indian Economy is the fastest growing economy in the world. Indian Economy covers mainly three sectors Primary (Agriculture), Secondary (Industry) and Territory (Service) sector. Service Sector comprised of various service industries including warehousing and truck transportation services, information sector services, commodities, securities and other investment services, professional, technical and scientific services, waste management services, health care and social assistance services, and arts, entertainment and recreation services. Normally an economy shift from agriculture to manufacturing sector and then move to service sector. But India directly moves to Agrarian economy to service economy. In 1950, the agriculture sector's contribution in Indian GDP was 55% and Industry contribution was 15% and Service was 30%. But in 2015–16 Agriculture contribution in Indian GDP is 17.4% and service sector contribution in Indian GDP is 66.1%. After 1990 contribution of service sector in Indian GDP is increasing day by day. This paper mainly highlights the Service sector and it's Contribution, Reasons for the growth of service sector, Major FDI In Service sector, Leading Service sector in India.
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