anju verma
07-21-2008, 12:23 PM
The sunshine sector of the Indian economy - The Services - continues to dazzle one and all with its shooting growth curve. Services in India's GDP increased by 21 percent points in the 50 years between 1950 and 2000, nearly 40 percent of that increase was concentrated in the 1990s. This boom was fueled largely by expanding sectors like communications, financial services, hospitality, trade and business services.
Surprisingly, in contrast to trends witnessed in China and other newly industrializing economies, the share of industry in India's GDP has remained constant during the high growth period of the 1990s, while that of services has risen astronomically. With opportunities, come challenges. Sustained growth becomes difficult to achieve, as productivity increments in the services sector are normally less robust than in the manufacturing sector...
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http://www.coolavenues.com/know/ops/subhashini-process-1.php
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Surprisingly, in contrast to trends witnessed in China and other newly industrializing economies, the share of industry in India's GDP has remained constant during the high growth period of the 1990s, while that of services has risen astronomically. With opportunities, come challenges. Sustained growth becomes difficult to achieve, as productivity increments in the services sector are normally less robust than in the manufacturing sector...
Read the article at..
http://www.coolavenues.com/know/ops/subhashini-process-1.php
Post your comments here....