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

Calculate absolute amplitude of mass, A 2 Kg mass is suspended in a box by ...

A 2 Kg mass is suspended in a box by a spring as shown in figure. The box is put on a platform having vibration y = 0.8 sin 6t cm. calculate absolute amplitude of mass

Motorcycle starts but stops suddenly motorcycle problems, If Motorcycle Sta...

If Motorcycle Starts but Stops Suddenly Causes of Problem Remedy The spark plug gets short-circuited by heating

Velocity of belt, velocity of belt: velocity of belt passing over the ...

velocity of belt: velocity of belt passing over the driver pulley will decrease Now with this velocity belt pass over driven pulley, Now Velocity of Driven = Velocity

Torsion, series shaft and parallel shaft

series shaft and parallel shaft

Low lube oil pressure security in API612 , What type of low lube oil securi...

What type of low lube oil security recommended for API612 steam turbines.(Electronic/Mechanical). Please give refrences

External coatings on vessels, Q. External coatings on vessels? All pres...

Q. External coatings on vessels? All pressure vessels that will be installed underground shall have an external coating applied according to the following procedure: • All e

Manufacturing prossess, describe advantages of limitation and effect of col...

describe advantages of limitation and effect of cold working?

Shielding gas-helium, Helium Helium (He) is an inert, very light mon...

Helium Helium (He) is an inert, very light monoatomic gas, of atomic weight of 4. It is obtained by separation from natural gas. Helium is refined to a purity of min.  99.99

Describe the slope - area method, Q. Describe the Slope - Area Method? ...

Q. Describe the Slope - Area Method? In the event of infeasibility of Velocity Area method on account of either rapid rise or fall of floods or lack of equipment or any other r

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