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

Process of alloy materials sampling, Q. Process of Alloy Materials Sampling...

Q. Process of Alloy Materials Sampling? The following alloy-materials require a minimum of 10% per lot representative PMI sampling. If any incorrect material is found in repres

Compound BArs, three vertical, parallel straight rods, each 2.6m in length ...

three vertical, parallel straight rods, each 2.6m in length have their upper ends firmly secured and their lower supporting a rigid horizontal bar with a weight of 8KN, which cause

Create a suitable model with beam elements, The overall size of the crane m...

The overall size of the crane must not be changed. The height and reach of the loading point is to remain the same .  Original parts must remain and you are allowed additions such

Define the basic components of an n.c system, Define the Basic Components o...

Define the Basic Components of an N.C System The basic components of an N.C system are as follow: a) Programmer of Instruction: - It is a set of direction which will tell th

Bevel gear, What is the face cone. Difference between tooth face and face ...

What is the face cone. Difference between tooth face and face cone?

What are the standards for product modeling, Standards for product modeling...

Standards for product modeling. The models include : (a)  A presentation model which defines the type of presentation of information. For instance how the product can be vi

Find out load lifted by the machine, Find out load lifted by the machine: ...

Find out load lifted by the machine: An effort of 400 N is applied in a lifting machine. The distance moved through effort is 4 m and that by load is 40 cm. If the efficiency

Design bulk materials storage, Q. Design Bulk Materials Storage? Consid...

Q. Design Bulk Materials Storage? Consideration shall be given to providing access to safety showers in areas of hazardous bulk material handling and storage. Where bulk handli

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