25 August, 2009

Largest contributor to GDP by 2014-15, Communication sector: NCAER Study

National Council of Applied Economic Research (NCAER) said in its recent study 'Economic Impact of the Communication Sector in India' that the communication sector is predicted to emerge as the single largest sector of India's economy, with a 15.4 per cent share, equivalent to Rs 8,65,031 crore, of GDP by 2014-15.

The communication sectors share of the total GDP has increased from 0.7 per cent in the 1980s and one per cent in the 1990s to 3.6 per cent during 2001-08. In 2007-08, the sector accounted for 5.7 per cent of GDP. The sector's ranking in terms of contribution to total GDP has moved from 17 in 1980-81 to eight in 2007-08 and is further expected to surpass all other sectors by 2014-15, assuming that all other sectors grow at an average growth rate observed during 2001-08.