International Journal of Social Science & Economic Research
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Title:
GROWTH OF EMPLOYMENT IN SERVICES SECTOR

Authors:
MS. POONAM

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MS. POONAM
ASSISTANT PROFESSOR, DEPARTMENT OF ECONOMICS, MAHILA MAHAVIDYALAYA, CHARKHI DADRI, HARYANA, INDIA

MLA 8
MS. POONAM. "GROWTH OF EMPLOYMENT IN SERVICES SECTOR." Int. j. of Social Science and Economic Research, vol. 3, no. 7, July 2018, pp. 3478-3511, ijsser.org/more2018.php?id=244. Accessed July 2018.
APA
MS. POONAM. (2018, July). GROWTH OF EMPLOYMENT IN SERVICES SECTOR. Int. j. of Social Science and Economic Research, 3(7), 3478-3511. Retrieved from ijsser.org/more2018.php?id=244
Chicago
MS. POONAM. "GROWTH OF EMPLOYMENT IN SERVICES SECTOR." Int. j. of Social Science and Economic Research 3, no. 7 (July 2018), 3478-3511. Accessed July, 2018. ijsser.org/more2018.php?id=244.

References
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Abstract:
India is a vast country. Indian economy is classified in three sectors: Agriculture and allied services, Industrial sector and Services sector. India is the 2nd fastest growing economy after China. India is the 3rd largest economy on the basis of Purchasing Power Parity (PPP) and India is the 7th largest economy as per nominal GDP. Services sector has become important for many economies in the world and very important particularly in India. The services sector forms a backbone of social and economic development of a region. It is a large and most dynamic part of the Indian economy both in terms of employment potential and contribution to national income. Growth of the services sector is also an important aspect of economic development and is strongly associated with income and economic modernization. Services sector contributed around 60.20 per cent of employment in 1961-65 and 68.35 per cent of employment in 2006-12. From 1961 to 2012 there has been increase in employment by 220.9 lakh. The present paper shows employment in public and private sector by industry, employment in public and private sector by sub-sector of services sector, annual compound growth rate (ACGR) of employment in public and private sector by industry, annual compound growth rate (ACGR) of employment in public and private sector by sub-sector of services sector. The study takes time period of 52 years i.e. from 1961 to 2012. This paper aims to show that services sector has a favorable effect on the growth of Indian economy. There has been increase in employment through services sector.