Service sector is the lifeline for the social economic growth of a country. It is today the
largest and fastest growing sector globally contributing more to the global output and
employing more people than any other sector.
The real reason for the growth of the service sector is due to the increase in urbanization,
privatization and more demand for intermediate and final consumer services.
In advanced economies the growth in the primary and secondary sectors are directly
dependent on the growth of services like banking, insurance, trade, commerce,
entertainment etc.
Indian Service Sector
Indian service sector has witnessed a major boom and is one of the major contributors to
both employment and national income in recent times. Trading, transportation and
communication, financial, real estate and business services, community, social and
personal services come within the gambit of the service industry.
One of the key service industries in India would be health and education. They are vital
for the country’s economic stability
largest and fastest growing sector globally contributing more to the global output and
employing more people than any other sector.
The real reason for the growth of the service sector is due to the increase in urbanization,
privatization and more demand for intermediate and final consumer services.
In advanced economies the growth in the primary and secondary sectors are directly
dependent on the growth of services like banking, insurance, trade, commerce,
entertainment etc.
Indian Service Sector
Indian service sector has witnessed a major boom and is one of the major contributors to
both employment and national income in recent times. Trading, transportation and
communication, financial, real estate and business services, community, social and
personal services come within the gambit of the service industry.
One of the key service industries in India would be health and education. They are vital
for the country’s economic stability