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.
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:
- Trade, hotels, and restaurants
- Transport, storage, and communication
- Financing, insurance, real estate, and business services
- Community, social, and personal services
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.
Source: Dun & Bradstreet
India’s GDP Growth in Medical Tourism Sector
Between 2014 and 2015, foreign tourist arrivals (FTAs) in India increased 3.7%.
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.
Source: India’s Ministry of Tourism, 2014