GVA growth rate of service sector in India FY 2015-2020
The service sectors in India had an estimated growth rate of nearly seven percent in financial year 2020, marking a decrease of 0.7 percent in growth compared to the previous year. Services included trade, hospitality, transport and communication services; finance, real estate, and public administration. These sectors combined, made up a share of nearly 55 percent of gross value added across the county in fiscal year 2019.