Value added in the services sector as percent of GDP
The World Bank
For that indicator, we provide data for India from 1960 to 2021. The average value for India during that period was 39.91 percent with a minimum of 32.95 percent in 1973 and a maximum of 50.11 percent in 2019.
The latest value from 2021 is 47.51 percent. For comparison, the world average in 2021 based on 168
countries is 55.43 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The importance of services in the economy of India and other countries is measured as the value added of services as percent of GDP. The services sector includes wholesale and retail trade, transport, financial services, education, health care, and real estate.
Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.