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@article{178814,
        author = {Dr Gopala Sudarshanam},
        title = {Emerging Development Scenario in Indian Service Sector: A Crisp on Select Sectors with reference to the Telangana Economy},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {12},
        pages = {4389-4399},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=178814},
        abstract = {Service sector has become lifeline for the social economic growth of any nation across the globe. Service is today the largest and fastest growing sector globally, contributing more to the global output and employing more people than any other sector. In advanced economies the growth in the primary and secondary sectors are directly depend on the growth of services like banking, insurance, trade, commerce, health, education and entertainment. Service sector in India today accounts for more than half of nation’s GDP. This vantage of contribution is not an exemption to our country in general and Telangana State in particular. Coverage of wide verity of segments, lion share (55%)in GDP, attraction of 2/3 FDI,s, providing huge employment opportunities, encouraging volume of Government initiatives, witnessing 6% growth in IT and ITES,s and standing as top 10 in WTO members in service providers have been remarkably signifies the Indian Service Sector in the contemporary scenario.
If we look at the quantitative expressions over Indian Service Sector, we will find surprising but successive saga. During 1950-51: Primary Sector stood with 56.5%, Secondary Sector with 13.6% and Tertiary Sector with 29.9% in our nation’s GDP. Similarly during 1990-91: 34%, 23.2% and 42.8% respectively. During 2007: P.S-18%, S.S-29% and T.S-53%. Eventually if we look at latest statistics, pertaining to the period of 2020-21: PS-20%, SS-26% and T.S-54%.
With reference to our Telangana State, share of service sector in GDP is 65%, in total workforce 33.3% are in this sector. GVA growth rate is 0.91% in 2020-21 as compared to the negative growth rate at the national level -4.65%. As per the Economy Survey Report (2021), service sector growth rate in 2015-20 was 10.2% with second position (Tripura 10.5%) Therefore based on the above most plausible data, we shall derive concrete inferences that, the service sector in the state too growing multi fold and becoming promising sector for many reasons.
Hence contemplating at the above evidences, the researcher has motivated himself to make more empirical study on service sector emphasising two sub-segments, i.e., Higher Education and Information Technology at national level in cursory form and in detailed with reference to Telangana Economy. Through this short tenured study, it has found that telangana is performing moderately in educational development but dominantly in IT sector. Further it was also witnessed that the innovative and impetus initiatives over two identified sectors by the government, Higher Education and IT & ITES landscape is transforming with remarkable progress. 36% of state GER, 34% employment generation and close to 65% share in GDP are supporting indices of service sector as lion in state economy. Eventually the research has opined that the challenges such as quality in education, lower enrolment, and technology gap between rural and urban and slow in adopting technology are addressed with immediate intensity, this sector flourish with more fragrance in the state.},
        keywords = {Service Sector, Education, IT and Telangana Economy},
        month = {May},
        }