{"id":86443,"date":"2020-02-01T16:19:56","date_gmt":"2020-02-01T10:49:56","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=13474"},"modified":"2020-02-01T16:19:56","modified_gmt":"2020-02-01T10:49:56","slug":"economic-survey-2019-2020-service-sector-in-india","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/economic-survey-2019-2020-service-sector-in-india\/","title":{"rendered":"Economic Survey 2019-2020: service Sector in India"},"content":{"rendered":"\n<p><strong>News:<\/strong> The Economic Survey 2019-2020 has said that the services sector\u2019s significance in the Indian economy has continued to increase.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>Key Facts:<\/strong><\/p>\n\n\n\n<p><strong>Contribution of Service Sector to the Indian Economy:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>55% of the total size of the economy and GVA growth,<\/li><li>Two-thirds of total FDI inflows into India<\/li><li>38% of total exports<\/li><\/ul>\n\n\n\n<p><strong>Performance of India\u2019s Key Services Sub-Sectors:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>&nbsp;<strong>Information Technology and Business Process Management (IT-BPM) Services<\/strong>: industry size reached about US$ 177 billion in March 2019. IT services constituted 51% of the IT-BPM sector<\/li><li><strong>Tourism<\/strong>: India ranked 22nd in the world in terms of international tourist arrivals in 2018 and accounts for 1.24% of the world\u2019s international tourist arrivals<\/li><li>&nbsp;<strong>Port and Shipping Services<\/strong>: The shipping turnaround time (a key indicator of the efficiency of the ports sector) at ports has almost halved from 4.67 days in 2010-11 to 2.48 days in 2018-19.<\/li><li><strong>Space Sector<\/strong>: India spent about US$ 1.5 billion on space programs in 2018<\/li><\/ol>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/EpRY2Jq1sJn0G41dFia7SuWa13WTIyEfB3J4Ju2egTnjwfZUJXoymtz9aWvUhDPSs6-DzoY93YFoeWvDULXL2Wtajh8YAmRlFs8GzhTKK-IOGvxviMJceVg-SSkOrOtWSL0rD7dL\" alt=\"\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>News: The Economic Survey 2019-2020 has said that the services sector\u2019s significance in the Indian economy has continued to increase. Facts: Key Facts: Contribution of Service Sector to the Indian Economy: 55% of the total size of the economy and GVA growth, Two-thirds of total FDI inflows into India 38% of total exports Performance of&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/economic-survey-2019-2020-service-sector-in-india\/\">Continue reading <span class=\"screen-reader-text\">Economic Survey 2019-2020: service Sector in India<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[2031,4013],"class_list":["post-86443","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economic-survey","tag-service-sector","entry"],"jetpack_featured_media_url":"","views":{"total":1,"cached_at":"","cached_date":1699088467},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86443"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86443\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}