Page 681 - ES 2020-21_Volume-1-2 [28-01-21]

308 Economic Survey 2020-21 Volume 2

Table 2 : Growth in Bank Credit to Services Sub-Sectors (YoY)
November November
2020 2019
Services 8.76 4.84
Transport Operators 10.73 8.14
Computer Software 0.36 -0.39
Tourism, Hotels & Restaurants 18.04 13.09
Shipping – 20.51 5.13
Professional Services – 24.66 1.30
Commercial Real Estate 5.69 6.04
NBFCs 5.65 17.60
Retail Trade 7.84 29.06
Wholesale Trade (excl. food procurement) 15.81 -19.53
Other Services – 3.5 11.3
Source: RBI.
Service sector share at the State and UT level

9.6 The services sector accounts for more than 50 per cent of the Gross State Value Added
(GSVA) in 15 out of the 33 states and UTs (Table 3). In eight states, services sector accounts
for more than 60 per cent of GSVA. Chandigarh and Delhi stand out with a particularly high
share of services in GSVA of over 85 per cent while Sikkim’s share remains the lowest at 27.02
per cent. It must be noted that even states with relatively lower share of services in GSVA, such
as Tripura, Uttarakhand Andhra Pradesh, Gujarat, Madhya Pradesh, Jharkhand, Odisha, and
Arunachal Pradesh have witnessed strong services sector growth in the recent years.

Table 3: Services Sector Performance at the State and UT Level

Services Sector Share in GVA Services Sector 5-year Average
State
in 2019-20 (per cent)* Growth (per cent YoY)**
Chandigarh* 88.29 6.48

Delhi 85.16 7.79
Andaman and Nicobar Islands* 68.12 8.62
Karnataka 66.19 9.93
Telangana 65.19 10.25
Kerala* 63.73 6.91
Manipur* 62.64 5.85
Jammu and Kashmir* 60.08 6.00
Maharashtra* 59.75 8.04
Bihar 59.45 8.97
Meghalaya 58.48 8.90
Nagaland* 56.39 5.97

West Bengal 55.97 6.94
Tamil Nadu 53.67 6.29