Service industry growth , Mechanical Engineering

Assignment Help:

SERVICE INDUSTRY GROWTH: The service industry is growing very fast in today's world market scenario. In Indian context, we can see the impact of service sector growth upon (GDP) growth rate. India's GDP growth rate our Gross Domestic Product has been transformed from lower single digit to higher single digit over the last few decades. The rise in the GDP growth rate is mainly attributable to growth of the service sector. The high and spectacular growth potential offered by the sector is what makes investment in the service sector a promising proposition. The Indian services sector has grown at 7.5% annually since 1990, which has proven to be the main factor behind acceleration of the overall Indian GDP growth. Given the presence of the following factors, it is expected that the service sector will maintain or improve on this growth momentum. In the recent past services sector has become out of the major contributors of taxes to the Government of India.

 


Related Discussions:- Service industry growth

Seismometer-accelerometer-accelerometer, Seismometer : this is a transduc...

Seismometer : this is a transducer in which signal is proportional to the displacement. Accelerometer : This is a transducer in which signals is proportional to the a

Copper alloys, Copper Alloys Some alloys of copper are employed in ind...

Copper Alloys Some alloys of copper are employed in industry for varying causes. Copper forms alloys along with zinc or the brasses, tin or the bronzes, along with tin and pho

Determine the average time in the queue, A machine machines parts in exactl...

A machine machines parts in exactly 1.5 minutes. The machine requires tool change according to an exponential distribution with a mean of 12 minutes between occurrences. The tool c

Explain external pressure design, Q. Explain External Pressure Design? ...

Q. Explain External Pressure Design? Determine requirements for external pressure based on the expected operation of the vessel, and add a suitable operating margin to establis

Compressive strength, I have some plastic tube .5 OD .44 ID .5 long I put t...

I have some plastic tube .5 OD .44 ID .5 long I put them in a vise end to end (sealing the inside of the tube) THen using a torque wench crush them to see when they fail. I get rea

Explain the procedure of rockwell hardness tests, Q. Explain the procedure ...

Q. Explain the procedure of Rockwell hardness tests? Rockwell hardness tests per ASTM of the deposited weld, and heat affected zone shall be required for procedure qualificatio

Evaluate torque on each of the two shafts, An open belt drive connects two ...

An open belt drive connects two pulleys 1.2 m and 0.5 m diameter on parallel shafts 3.6 m apart. The belt has a mass of 1 kg/m length and the maximum tension in it is not to exce

Maximum bending stress , Obtain the equations of the elastic curve and use ...

Obtain the equations of the elastic curve and use them to determine the deflection and rotation at point B  in terms of E, I, F and L. Determine the maximum bending stress in the

How the drawbacks of WFM technique have been overcome, The drawbacks of WFM...

The drawbacks of WFM technique have been overcome Domain While no representation can describe all possible solids, a representation should be able to represent a useful se

Dryness fraction measurement - thermodynamics, Dryness fraction measurement...

Dryness fraction measurement: Sensible Hea t of Water or Heat of Liquid or Enthalpy of Liquid (h) Sol.: It is quantity of heat which is required to raise unit mass

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd