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

Heat transfer situation, The aim of this project is for you to discover how...

The aim of this project is for you to discover how to use a spreadsheet to "model" a typical engineering problem, in this case a heat transfer situation. And to discover how this m

Describe facing material, Q. Describe facing material? Facing Material...

Q. Describe facing material? Facing Materials: These materials when added to the moulding sand tend to obtain smoother and cleaner surfaces of castings, help easy peel

Determine the change in diameter, Determine the change in diameter: A ...

Determine the change in diameter: A thin spherical shell of 1.8 m diameter is 10 mm thick. This is filled with a liquid so that the internal pressure is 1 N/mm 2 . Determine t

Plate clutch pressure-clutch slipping, Plate clutch pressure:  Check plate...

Plate clutch pressure:  Check plate clutch pressure for any step using a straight edge.

Motion, a body of mass 5kg moves with an acceleration of 20m/s calculate th...

a body of mass 5kg moves with an acceleration of 20m/s calculate the force

Answer of the question, Classification of dynamometers, with thein neat sk...

Classification of dynamometers, with thein neat sketch with working ?

Concept and application of limiting friction, Concept and application of li...

Concept and application of limiting friction: Sol.: The maximum value of frictional force that comes into play, when the body just begins to slide over the surface of the ot

Vessel rigging analysis, Impact Factor on Vessel rigging analysis? Unle...

Impact Factor on Vessel rigging analysis? Unless otherwise specified by the user, a minimum impact factor of 1.5 shall be applied to the lift weight for designing the lifting d

Can you implement compatibility test, Q. Can you implement Compatibility te...

Q. Can you implement Compatibility test ? This test indicates the decrease in height of a mass of sand in a specimen tube with respect to its original height, under the actio

Calculate the percentage loss of energy and velocity, 1. The three freight ...

1. The three freight cars are rolling along the horizontal track with the velocities shown in the Figure. After the impacts occur the three cars become coupled together and move wi

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