International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 35    Submit Your Rating     Cite This   Download        Certificate

SERVICE SECTOR LEADING GROWTH STORY OF INDIA

    1 Author(s):  JAYANT

Vol -  7, Issue- 5 ,         Page(s) : 35 - 40  (2016 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

Today in this competitive environment, the businesses have to work very much hard to attract customers or to grab the market share to grow as well as to sustain. People across the world values time more than money and wants comfortable products or services at reasonable rates which could smoothen their lives. Such changing needs and demand has lead the service sector to grow at the fastest pace. And in this fast moving, dynamic innovative world, services are becoming inevitable in each and every sphere of our lives whether it is from necessities such as healthcare or education services or it is entertainment, from tourism to restaurants, from transportation to information and telecommunication, or from energy like fuel, power to customized personal services.

1. Banga, Rashmi (2006), “Statistical Overview of India’s Trade in Services” in R. Chanda (ed.), Trade in Services and India: Prospects and Strategies’, Wiley India, New Delhi. 
2. Basu, Kaushik and Annemie Maertens (2007), “The Pattern and Causes of Economic Growth in India”, CAE Working Paper #07-08, April 2007. 
3. Bhattacharya, B.B. and Arup Mitra (1990), “Excess Growth of Tertiary Sector in Indian Economy: Issues and Implications”, Economic and Political Weekly, Vol. 25, No. 44 (Nov. 3, 1990), pp. 2445-2450. 
4. Bosworth Barry, Susan M Collins and Arvind Virmani (2007), “Sources of Growth in Indian Economy”, NBER Working Paper 12901. 
5. Chanda, Rupa (2002), “Globalization of Services: India’s Opportunities and Constraints”, Oxford University Press, New Delhi. 
6. Eichengreen, Barry and Poonam Gupta (2010), “The Service Sector as India’s Road to Economic Growth?” ICRIER Working Paper No. 249, April 2010. 
7. Hansda, S. K. (2001), “Sustainability of Services-led Growth: An Input-Output Analysis of Indian Economy”, RBI Occasional Working Paper, Vol. 22, No. 1, 2 and 3. 
8. Jain, Sunil and T.N. Ninan (2010), “Servicing India’s GDP Growth”, in Acharya, Shankar and Rakesh Mohan (ed.), “India’s Economy: Performance and Challenges - Essays in Honour of Montek Singh Ahluwalia”, Oxford University Press, pp. 328-365. 
9. Joshi, Seema (2008), “Service Sector in India’s Economy: Performance, Problems and Prospects”, Country Paper submitted for “Study Meeting on Expansion and Development of the Services Industry in Asia”, organised by Asian Productivity Organization at Seoul, Republic of Korea, June 17-20, 2008. 
10. Kochhar, Kalpana & Kumar, Utsav & Rajan, Raghuram & Subramanian, Arvind & Tokatlidis, Ioannis (2006), “India's Pattern of Development: What Happened, What Follows?,” Journal of Monetary Economics, Elsevier, vol. 53(5), pp. 981-1019, July. 
11. Ministry of Finance (2007), “Strategy for India’s Services Sector: Broad Contours”, Working Paper 1, http://finmin.nic.in/workingpaper/1_2007_DEA.pdf (last accessed on May 4, 2012). Draft paper -Not for citation or quotation 
12. Planning Commission (2008), “Report by High Level Group on Service Sector”, Planning Commission, May 2007. http://planningcommission.nic.in/reports/genrep/rep_ser.pdf (last accessed on April 5, 2012) 
13. Prasad, H.A.C., and R. Sathish (2010), “Policy for India’s Services Sector”, Working Paper No. 1/2010 – DEA, Department of Economic Affairs, Ministry of Finance, Government of India. 

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details