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

What is the use of spindle in radial drilling machine, What is the use of S...

What is the use of Spindle in Radial drilling machine    The spindle holds the drill or cutting tools and revolves in a fixed position in a sleeve.

High pressure die casting process, what is the working princile of high pre...

what is the working princile of high preesure die casting process

Explain carnot cycle, Illustrate modified Rankine cycle in detail with p-v ...

Illustrate modified Rankine cycle in detail with p-v and T-S diagrams. Explain Carnot cycle in detail with T-S and P-V diagram, and also write expression for thermal efficiency,

Base circle-prime circle-trace point-pressure angle, Base Circle: this is...

Base Circle: this is the smallest circle tangent to the cam profile. Trace Point: this is theoretical point on the follower whose motion explained the movement of the foll

Describe the types of gas welding, Q. Describe the Types of Gas Welding? ...

Q. Describe the Types of Gas Welding? Gas welding involves the use of a gas-fed flame torch to heat the metal work piece and the filler material to create a weld. The gas is

Welder performance qualifications, WELDER PERFORMANCE QUALIFICATIONS ...

WELDER PERFORMANCE QUALIFICATIONS Requirement of Welder Qualification In performance qualification, the basic attempt is to establish the ability of the welder to dep

Entropy and Enthalpy, Ask . A vessel having a volume of 0.6 m3 contains 3.0...

Ask . A vessel having a volume of 0.6 m3 contains 3.0 kg of liquid water and water vapour mixture in equilibrium at a pressure of 0.5 MPa. Calculate : (i) Mass and volume of liquid

Calculate plastic zone - fatigue crack propagation mechanism, Calculate pla...

Calculate plastic zone: Calculate plastic zone ahead of crack in above problem if σY = 250 MPa. Solution From Eq. Here KI is taken as KI max since the plastic

Working of telescopic hydraulic fork , Working of Telescopic Hydraulic Fork...

Working of Telescopic Hydraulic Fork:   When a road shock exerts on to the suspension system it is transmitted to the spring instead of motorcycle frame and the spring starts to o

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