Page 682 - ES 2020-21_Volume-1-2 [28-01-21]

Services 309

State Services Sector Share in GVA Services Sector 5-year Average
in 2019-20 (per cent)* Growth (per cent YoY)**
Haryana 50.44 8.98

Puducherry 49.67 6.22
Uttar Pradesh* 48.95 7.05
Mizoram* 47.60 7.09
Punjab 46.71 6.90
Tripura 46.71 10.50
Rajasthan 46.63 7.51
Assam* 46.57 5.68
Jharkhand 45.28 7.69

Himachal Pradesh 43.88 7.01
Arunachal Pradesh* 43.23 8.22
Uttarakhand 43.23 9.47
Andhra Pradesh 41.80 7.56
Odisha 40.84 7.20
Goa* 38.53 6.01
Chhattisgarh 36.86 7.02
Madhya Pradesh 36.77 8.01
Gujarat* 35.62 8.66
Sikkim 27.02 6.22

Source: MoSPI.
Note: *2018-19 data; **Average from 2015-16 to 2019-20, or average from 2014-15 to 2018-19 where the data for
2019-20 is unavailable.
FDI Inflows into Services Sector
9.7 India improved its position from 12 in 2018 to 9 in 2019 in the list of the world’s largest FDI
th
th
recipients according to the latest World Investment Report 2020 by United Nations Conference
on Trade and Development (UNCTAD). FDI into India recorded almost 17 per cent jump during
April-September 2020 over the corresponding period last year, despite the global slowdown, the
COVID-19 pandemic, lockdown measures and supply chain disruptions. Services sector , being
1
the largest recipient of FDI in India, witnessed a strong growth during April-September 2020.
The gross FDI equity inflows (excluding re-invested earnings) into the services sector jumped
34 per cent YoY during April-September 2020 to reach US$ 23.61 billion, accounting for almost
four-fifth of the total gross FDI equity inflows into India during this period (Table 4). The jump
in FDI equity inflows was driven by strong inflows into the ‘Computer Software & Hardware’
sub-sector, wherein FDI inflows increased to US$ 17.55 billion which is over 336 per cent higher
over the corresponding period last year. High growth in FDI inflows was also present in sub-
sectors such as ‘Retail Trading’, ‘Agriculture Services’, and ‘Education’.

Estimated as gross FDI equity inflows into financial services, business services, outsourcing, R&D, technology
1
testing & analysis, courier, telecommunications, trading, computer hardware & software, hotels & tourism,
hospital & diagnostic centres, consultancy services, sea transport, information & broadcasting, retail trading,
agriculture services, education, and air transport.