Advertisement!
Author Information Pack
Editorial Board
Submit article
Special Issue
Editor's selection process
Join as Reviewer/Editor
List of Reviewer
Indexing Information
Most popular articles
Purchase Single Articles
Archive
Free Online Access
Current Issue
Recommend this journal to your library
Advertiser
Accepted Articles
Search Articles
Email Alerts
FAQ
Contact Us
Indian Journal of Agriculture Business

Volume  6, Issue 1, January-June 2020, Pages 15-26
 

Original Article

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

Rinky Kumari

Research Scholar, Department of Economics, Patna University, Patna 800005, Bihar, India.

Choose an option to locate / access this Article:
90 days Access
Check if you have access through your login credentials.        PDF      |
|

Open Access: View PDF

DOI: http://dx.doi.org/10.21088/ijab.2454.7964.6120.2

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.


Keywords : Service Sector; Gross State Domestic Product (GSDP),; Bihar
Corresponding Author : Rinky Kumari