Service Sector Drives Growth of Indian Economy
The service sector mainly drives the growth of the Indian economy following the New Economic Policy. Here is an explanation of why the service sector plays a crucial role in the country's economic development:

Contribution to GDP
- The service sector contributes significantly to India's Gross Domestic Product (GDP). It comprises various industries such as IT, telecommunications, banking, healthcare, tourism, and more, which collectively contribute a substantial share to the country's GDP.

Employment Generation
- The service sector is a major source of employment in India. It provides job opportunities to a large number of people across various skill levels, thus contributing to economic growth and reducing unemployment rates.

Foreign Exchange Earnings
- The service sector plays a vital role in earning foreign exchange for the country. Industries like IT services, business process outsourcing (BPO), and tourism bring in substantial foreign exchange, which strengthens India's economy.

Technological Advancements
- The service sector is often at the forefront of technological advancements. Industries such as IT and telecommunications drive innovation, improve productivity, and enhance competitiveness, thereby boosting economic growth.

Global Competitiveness
- India's service sector has gained global recognition for its quality and competitiveness. The country has emerged as a preferred destination for outsourcing services, attracting foreign investments and boosting economic growth.
In conclusion, the service sector's growth post the New Economic Policy has been instrumental in driving India's economic development. Its contributions to GDP, employment generation, foreign exchange earnings, technological advancements, and global competitiveness make it a key driver of the country's economic growth.