Industry & Economy
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Economy
Sixteen service sectors clock 20 pc growth in 2004-05: FICCI
Our Bureau
New Delhi
,
Aug 10
SIXTEEN service sectors in the country achieved growth of more than 20 per cent in 2004-05 compared to 2003-04, according to an analysis of 42 service sectors carried out by the FICCI. Another 18 sectors clocked 10-20 per cent growth during the same period.
Based on the feedback received from representatives of various service-related industry associations and private and public sector companies, the analysis found that the sectors that recorded more than 20 per cent growth in 2004-05 included organised retail trade (30 per cent), road transport service (20 per cent), domestic air passenger traffic (24 per cent), total air cargo handled (20 per cent), mobile subscriber (55 per cent), Internet subscriber (22 per cent), and live entertainment (40 per cent).
The sectors that have achieved 10-20 per cent growth included international air passenger traffic (17.1 per cent), international air cargo (19 per cent), courier services (15 per cent), car finance (16 per cent), and film industry (17 per cent).
The analysis also found that a majority of the services - including sophisticated trade, finance and exim-related services, manufacturing industry-led services, contractual, maintenance and repairing services - belong to the unorganised and informal sector.
This sector accounts for more than 75 per cent of the services generated in the economy.
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