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Service Sector Impact on Economic Growth of Bihar: An Econometric Investigation

Rinky Kumari null, Rinky Kumari null

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Indian Journal of Agriculture Business 6(1):p 15-26, January-June 2020. | DOI: https://doi.org/10.21088/ijab.2454.7964.6120.2

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Rinky Kumari. Service Sector Impact on Economic Growth of Bihar: An Econometric Investigation. Indian Journal of Agriculture Business 2020;6(1):15–26.
 

Timeline

Received : January 20, 2020         Accepted : February 25, 2020          Published : April 21, 2020

Abstract

The objective of this study is to examine the service sector impacts on economic growth of Bihar, since it plays an important role in contributing in Bihar’s GSDP. At the all India Level, services share has increased at a greater rate than industry after 2003-05 while in Bihar, services through have easily increased at a greater rate than agriculture. The economy of Bihar is largely service oriented, but it also has a significant agricultural base. This study discusses the nature of growth of services in Bihar and compare with the overall India level. This study also look into the sectoral contribution of services in Bihar and other important feature of the services led growth in the state. India has experience rapid change in the growth of service sector since 1990-91, to become the economy’s leading sector, during the same period services in Bihar have too upgrown. The study also find that there are variations in growth and performance of different sub-sectors of services. While the main contributors to services growth in India are transportation, trade, hotel and communication, the main contributors in Bihar are hotels, trades, and restaurants. After the economic reforms of the 1990s, the share of all the services subsectors in GDP has increased. The share of financing, trade and transport sectors in total services sector has increased while that of community, social and personal services has declined.

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Data Sharing Statement

There are no additional data available. All raw data and code are available upon request.

Funding

This research received no funding.

Author Contributions

All authors contributed significantly to the work and approve its publication.

Ethics Declaration

Provide information related to the Ethics Committee approval with approval number OR write This article does not involve any human or animal subjects, and therefore does not require ethics approval.

Acknowledgements

We would like to express our gratitude to the patients, their families, and all those who have contributed to this study.

Conflicts of Interest

The authors report no conflicts of interest in this work.

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Cite this article

Rinky Kumari. Service Sector Impact on Economic Growth of Bihar: An Econometric Investigation. Indian Journal of Agriculture Business 2020;6(1):15–26.
 

Licence:



Received Accepted Published
January 20, 2020 February 25, 2020 April 21, 2020
DOI: https://doi.org/10.21088/ijab.2454.7964.6120.2

Keywords

Service Sector; Gross State Domestic Product (GSDP); Bihar

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Timeline

Received January 20, 2020
Accepted February 25, 2020
Published April 21, 2020

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