City
Epaper

Contact-intensive sectors still below pre-Covid levels: Economic Survey

By IANS | Updated: January 31, 2022 21:50 IST

New Delhi, Jan 31 The services sector's sub-sector, which is contact-intensive in nature, is still below the pre-pandemic ...

Open in App

New Delhi, Jan 31 The services sector's sub-sector, which is contact-intensive in nature, is still below the pre-pandemic level, the Economy Survey said.

Those sub-sectors are trade, hotels, transport, communication and services related to broadcasting, it said.

"The services sector, as a whole, has mostly recovered from the impact of the nationwide lockdown imposed during March-May 2020 and localised lockdowns during the second Covid wave in April-May 2021, although some of the sub-sectors continue to be impacted."

During the first half of FY22, the services sector grew by 10.8 per cent.

During the first half of 2021-22, the services sector received over $16.7 billion FDI accounting for almost 54 per cent of the total FDI inflows into the country.

The overall services sector, in terms of Gross Value Added, is expected to grow by 8.2 per cent in FY22, although the spread of Omicron variant brings in a degree of uncertainty for the near term, especially in segments that require human contact.

Further, domestic air and rail passenger traffic also increased gradually, while the global issue of container shortage impacted port traffic.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalTrump administration reverses homeland security funding cuts targeting New York

Navi MumbaiUlwe Road Accident: Fisherman Dead, Driver Hurt as Speeding Car Rams Pickup Near Atal Setu Toll Plaza

InternationalUN chief welcomes Hamas' statement on US Gaza proposal

EntertainmentVijay Deverakonda and Rashmika Mandanna Engaged: Star Couple To Marry In February 2026?

NationalAmit Shah to visit Chhattisgarh’s Bastar today

International Realted Stories

InternationalAmid shutdown, Trump blocks funding for Democrat-run Chicago

International10 PLA, 7 PLAN vessels detected operating around Taiwan territory: MND

InternationalTrump hails Hamas’ promise to release all Gaza hostages

International"Military families already seeking food assistance due to financial anxiety caused by Democrat shutdown": White House

InternationalTrump’s H-1B visa proclamation challenged in US court