India’s services sector’s activity accelerated last February providing some relief to policymakers. It boosted hopes of GDP growth in the quarter ending March 2019. This was after the economy lost momentum in the third quarter of the current year when it grew by 6.6%, the lowest in five quarters...
The services sector, apart from being a dominant sector in India’s GDP, also attracts substantial foreign investment flow. The sector covers trade, health care, education, hotel and restaurants, transport, telecommunication, transportation, information technology, banking and finance, insurance, r...
Countries, be it developed or developing, are confronting the problem of economic dualism where the technology-oriented sector, which is highly advanced and globally integrated owing to the use of capital intensive resources, employs lesser manpower for production and the social sector absorbs more ...
The service sector deals with the production of services instead of end products. A service is something that you have paid for but cannot pick up and bring home. Tourism as a part of the services sector is increasingly becoming prominent with the growing information input. As a result, touris...
Dear Readers,The Indian services sector, which is the fastest growing sector, contributes about two-thirds to the Indian economy. It accounts for 28% of employment. Information Technology, professional services, telecom, healthcare, education, hospitality, transport, housing and retail are the large...