The sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received foreign direct investment (FDI) worth USD 2.29 billion during April-December 2014, according to the Department of Industrial Policy and Promotion (DIPP). The services sector contributes over 60 per cent to Indian GDP. FDI in the sector accounts for 17 per cent of the country's total foreign investment inflows.
The other sectors where inflows have recorded growth are: computer software and hardware (USD 5.3 billion), trading (USD 2.71 billion), automobile (USD 1.78 billion) and chemicals (USD 1.19 billion).
In step with growth in FDI in important sectors like services, overall foreign inflows in the country rose by 37 per cent to USD 39.32 billion during the first nine months of 2015-16. The amount was USD 28.78 billion in the year-ago period.

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