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

Explain physical significance of thermal diffusivity, Derive the mathematic...

Derive the mathematical equation for Overall Heat Transfer-Coefficient through a single wall. Aslo Explain physical significance of thermal diffusivity.

Illustrates about the need for reinforcement, Illustrates about the need fo...

Illustrates about the need for reinforcement? NEED FOR REINFORCEMENT Concrete is economical and durable and is currently universally utilized for footings. Plain concrete is

Calculate the force - pulley, Calculate the force - pulley: A string i...

Calculate the force - pulley: A string is passing over a smooth pulley. The string supports the mass m on one side which is to be pulled up with acceleration a. calculate the

Single-engine general aviation aircraft, The wing of a light, single-engine...

The wing of a light, single-engine general aviation aircraft has an area of 15.8 m 2 and a span of 9.6 m. The airfoil of the wing is NACA 65-415, which has a lift slope of 0.1033

Calculate the support reaction, Calculate the support reaction: Q: A ...

Calculate the support reaction: Q: A beam 8m long is hinged at point A and supported on rollers over smooth surface inclined at 300 to horizontal at point B . The beam

Stenght of Material, Give the assumption of pure torsion derivation of shea...

Give the assumption of pure torsion derivation of shear stress produced in circular shaft subjected to torsion

Computer aided manufacturing, Computer systems to plan manage, and control...

Computer systems to plan manage, and control the operations of a manufacturing plant through either direct or indirect computer interface with the plants production resource

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