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GROWTH OF SERVICE IN INDIA

-BY MANISH BHARDWAJ

SERVICE SECTOR ?

The service sector, also known as the tertiary sector, is the third tier in the three-sector economy. Instead of product production, this sector produces services maintenance and repairs, training, or consulting. Examples nursing, and teaching

STRUCTURAL CHANGE IN THE INDIAN ECONOMY:

  • When a country is in a state of underdevelopment, the primary sector makes the largest contribution to the national income.
  • Rapid growth in the service sector

Reasons for this changes:

-Arrival of information technology and the knowledge economy.

-Increased mobility.

-Increasing urbanisation

-Cheap labour

BENEFITS OF THE GROWTH OF THE SERVICE SECTOR IN INDIA:

-New services such as advertising,publicty.

-Expansion of knowledge-based services.

-Growth

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