GDP & Sector Growth

India’s GDP Growth

In the past decade, the average annual growth rate of India’s GDP has been 7.5%. GDP growth has slowed down in recent years. In FY 2013-2014, India’s GDP totaled about $1.9 trillion.

India's GDP and Growth Rate

Source: Market Realist, Jan. 2015

India’s GDP Growth in Services Sector

As of 2014, the services sector constitutes almost 60% of India’s GDP. According to Market Realist, the services sector comprises of four categories:

  1. Trade, hotels, and restaurants
  2. Transport, storage, and communication
  3. Financing, insurance, real estate, and business services
  4. Community, social, and personal services

India Share of Services Sector in GDP

Source: Market Realist, Nov. 2014

The share of India’s services sector in its GDP is expected to rise to 63.5% in FY20 from 53% in FY05.

Rising Share of Services Sector in India's GDP

Source: Dun & Bradstreet

India’s GDP Growth in Medical Tourism Sector

Between 2014 and 2015, foreign tourist arrivals (FTAs) in India increased 3.7%.

Foreign Tourist Arrivals in India

Source: India’s Ministry of Tourism, 2014

In 2014, the largest shares of FTAs in India were the U.S., Bangladesh, and the U.K.

Top Foreign Tourist Arrivals in India

Source: India’s Ministry of Tourism, 2014

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