Business News / This is the sector in India that provides the most jobs, the business is worth so many crores

Business News: Whether the job is government or private, both are considered good from the employment point of view. The desire of a common man from his job is that his salary should increase on time and the money should be credited to his account at the end of the month. From starting to completing studies, almost everyone's goal is to get a job. Even if after that people start doing business or start living their dreams.

A question comes to the mind of some people in the initial phase of their career that in which sector the maximum number of jobs are available? Because where there are more opportunities, there will be more chances of success. In today's story, we will not only tell you about that sector, but also tell you about its market value and growth.

This is the biggest sector of India

Service sector is the largest sector in India. According to the Statista report, the Gross Value Added (GVA) at current prices for the service sector is Rs 131.96 lakh crore in 2022-23. The share of service sector in India's total GVA of Rs 247.43 lakh crore is 53.33%. The contribution of industry sector is 28.25% with GVA of Rs 69.89 lakh crore. Whereas the share of agriculture and related sectors is 18.42%.

What does the report say?

According to the report of Reserve Bank of India, the service sector is growing at the rate of 10.8% in October 2023, whose market value is equal to 28.3 billion dollars i.e. 2 lakh 33 thousand crore rupees. According to the Business Standard report, companies in the IT, banking and finance sectors accounted for half of all the jobs created in 2023. That means this sector has given jobs to about 8.12 million i.e. 81 lakh people. That is, overall, there are more opportunities in the service sector than any other sector.