raja slot
raja slot
slot deposit pulsa tanpa potongan
slot gacor 2024
raja slot
raja slot
raja slot

THE CONTRIBUTION OF SERVICE SECTOR IN THE GROWTH OF THE INDIAN ECONOMY


Dr. Venkatachalapathi H S
ASSISTANT PROFESSOR, GFGC HOSAKOTE, BENGALURU NORTH UNIVERSITY
Abstract
Service sector in India is also called as tertiary sector, where major contribution of income (y) in India is obtained from the service sector or tertiary sector, during the time of Independence, the major contributor of GDP (Gross Domestic Product) was from primary sector or agriculture, but later on the structural composition of Indian service sector increased due to increase in services like banking and finance, transportation, hospitality, insurance and many services there was more dependence on service sector for income contribution. In June 2021, India’s exports increased by 48.34% to US$ 32.5 billion, marking the seventh consecutive month of growth. The Indian services sector was the largest recipient of FDI inflows worth US$ 88.95 billion between April 2000 and June 2021. The services category ranked 1st in FDI (Foreign Direct Investment) as per data released by the Department for Promotion of Industry and Internal Trade. The research paper explains the change of dependence of Income contribution from primary sector to service sector or tertiary sector
Keywords: GDP, Service sector as a back bone of the Indian Economy, Economic and business growth.
Journal Name :
EPRA International Journal of Economic Growth and Environmental Issues (EGEI)

VIEW PDF
Published on : 2022-07-30

Vol : 10
Issue : 6
Month : July
Year : 2022
Copyright © 2024 EPRA JOURNALS. All rights reserved
slot deposit dana slot deposit dana raja slot slot deposit dana https://www.everestind.com/slot-deposit-dana/ https://jamaat.org/slot-deposit-dana-2024 https://www-everestind-com.translate.goog/slot-deposit-dana/?_x_tr_sl=es&_x_tr_tl=id&_x_tr_hl=id&_x_tr_pto=wapp