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Abstract

The services sector is a vibrant component of the economy. This sector accounts for around 60 per cent of the country‘s gross domestic product (GDP), has advanced as one of the key and fastest growing sectors not just in India but at the global level; subsequently, its impact towards global output and employment has been substantial. The share of services in India‘s GDP at factor cost (at current prices) rose from 33.3 per cent (1950–1951) to 56.5 per cent in 2012–13, as per advance estimates. The hospitality sector is one of the important sub-sets of service sector. The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sectors in India.

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