The services sector is the biggest contributes quite half the Gross Value Added. As per the second advance estimates, services sector shares reached 55.41 percent in 2020. The services sector grew at a CAGR of 1.46 percent to US$ 1,064.9 billion in 2020 from US$ 1,006 billion in 2016.The services sector accounts for 53.67% of total India's GVA of Rs. 137.51 lakh crore. The economic sector is at the second spot and contributing around 32% of the Indian GDP. The agriculture sector is at the third spot and contributing around 17% of the Indian GDP.
The Service sectors is the huge industry in the developed country and contributing the biggest economy growth of the nation.
The Significant growth and demand of services industries has rising and fuelled by technological advancement improvement in communication and knowledge and data source.
Currently in the U.S around 85% of GDP (gross domestic product) growth holding by the service sectors.
After raw materials production and manufacturing the Service sectors is the 3rd largest sectors