Services sector swells in northern region: Report

Region in question comprises Delhi, Haryana, HP, UP, J&K, Uttarakhand, Punjab and Rajasthan

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