Indian mobile services market is expected to reach $37 billion in 2017: Assocham

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According to an Assochham-Resurgent India, joint study, Indian mobile services market is expected to reach $37 billion in 2017, growing at 10.3 per cent year-on-year to cross $ 103.9 billion by 2020.

Indian mobile services market is expected to reach $37 billion in 2017

The study says that, as on March 2017, the service sector grew 7.74 percent year-on-year to Rs 21.43 trillion ($332.74 billion).

The Indian digital classifieds industry is expected to grow three-fold to reach $ 1.2 billion by 2020, driven by growth in horizontal classifieds like online services, real estate, and automobiles. Out of overall services sector, the sub-sector comprising financial services, real estate, and professional services contributed US$ 305.8 billion or 20.5 percent to the GDP, study.

In India, data on services is collected and collated by multiple agencies. For some services such as retail, there is no official data. For others like communication services, there is a lack of disaggregated data. Employment data is not collected on a regular basis which makes it difficult to do employment analysis.

Service sector employs nearly 40 percent of the population in the economy. It has the capacity to absorb the need of the growing population. The employment in the service sector has increased from 23.7 percent in 1999 to 29% in 2016-17 says the report.

State-wise, there are wide differences in the share in employment of different sectors in rural India. It is found that some work-eastern states like Sikkim, Tripura, and Manipur have a high share of employment in the services sector and again some city states like Chandigarh and Delhi also have very high shares of employment in services like 826 and 879 respectively out of 1000 employed people.

In India, data on services is collected and collated by multiple agencies. For some services such as retail, there is no official data. For others like communication services, there is a lack of disaggregated data. Employment data is not collected on a regular basis which makes it difficult to do employment analysis. Also, the services sub-sector definitions in India do not match with international definitions which make it difficult to do cross-country analysis. Moreover, there is a lack of distinction in data collection procedure between goods and services within each subsector such as telecommunications and IT.



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