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Abstract
Now a day in developing countries like India the service industries are on the peak of their growth. Service industry is the fundamental, which provide base to develop the economy. Different indicators like shares in national and states’ GDP, FDI, Employment and export indicate the importance of service sector for the Indian economy. The services sector is a vital cog in the wheel of the Indian economy. This paper provides an overview of the Indian services sector. It shows that services is the fastest growing sector in India, contributing significantly to GDP, GDP growth, employment, trade and investment and the paper highlights the operational issues, opportunities and challenges of service industry in India. This paper also takes into consideration the importance of quality of services in service industry. The paper identifies a number of barriers faced by the services sectors and suggests policy measures, which, if implemented, will lead to inclusive growth, increased productivity, generate quality employment, increase trade and investment, and enhance India’s global competitiveness in services.