The government had unveiled big plans for the services sector last year
The barriers to entry in manufacturing, and India's widespread fluency in English -- a boon in global services -- suggest comparative advantage lies in services
Services PMI down to 50.2 from 51.5 in March
Economic activity in northern states is tipping in favour of the services sector, according to a report from business chamber CII.The region in question comprises Delhi, Haryana, Himachal Pradesh, Uttar Pradesh, J&K, Uttarakhand, Punjab and Rajasthan. Issued on Wednesday, the report says their services sector contributed 56 per cent of the regional Gross Value Added (GVA) in 2014-15, from 49.2 per cent in 2011-12.States in the region have also been gearing up over the past two to three years to bolster investments through specific incentives for the sector. As a result, the services sector has played a key role in regional growth, growing at a compound annual rate of 7.7 per cent during the period 2011-12 to 2014-15, it said.Cemented by the fact that the region also accounted for 52.3 per cent of the total services sector in the country, as compared to only 19.3 per cent of the nation's agricultural and allied sector.Srvices contributed 88.3 per cent of Chandigarh's GVA in ...