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Current Status and Future Prospectus of Service Sector

Current Status and Future Prospectus of Service Sector

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07/11/2013

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MUMBAI UNIVERSITY

NAME - PRIYANK N SONI ± 31
VIKAS PATIL 07 NAMDEV PAWAR- 08 NEHAL MEHTA24 


SUB SERVICE SECTOR MANAGEMENT TOPIC - CURRENT STATUS AND FUTURE

PROSPECTUS OF SERVICE SECTOR IN INDIA PROF DEEPAK SALVE 

INTRODUCTION. Its production may or may not be tied to a physical product.SERVICE  ³ Activity or benefit that one party can offer to another that is essentially intangible and does not result in the ownership of anything. ´ .

seen. tasted. or smelled before purchase.Services can not be inventoried or otherwise stored. etc. Consumers rely on cues to draw quality inferences Inseparability. heard. Capacity / demand management is critical .Service providers vary with respect to attitudes.Cannot be touched. skills. mood.Services are produced and consumed at the same time (air travel).CHARACTERSTICS OF SERVICES     Intangibility. Lack of trial means higher consumer risk. Even the same provider may give different service on a different day Perish ability. Service providers and sometimes other customers become part of the service (restaurant) Variability.

Current status and future prospectus of service sector in India .

Banking 4. Healthcare 3. Tourism 2.In this topic we are looking into Current status and future prospect of service sector in India many service like : 1. Education 6. Transportation 8. Entertainment 7. Communication . Insurance 5.

Tourism:- .

TOURISM : Medical Tourism Eco Tourism Heritage Tourism Adventure Tourism    .

Future Prospect for Tourism in India .

Health care service sector in India:- .

clinics.Healthcare:     Medical care providers like physicians. nursing home & hospitals. Diagnostic service centers & pathology laboratories. Medical equipment & manufacturers Contract research organizations. pharmaceutical manufacturers Third party support service provider(catering. specialist. laundry) .

     Media & Entertainment Television Music Industry Journalism Advertising Public relation .Service in particular 2.

r wh 9.Th India¶ GDP witnessed high growth and was the second fastest growing GDP after China a r ar pr m ha w h r q r a mp pr h m r w h«.9% Ser ices: 11% Agriculture: 2.4 percent in 2006-07.4% Fastest GDP growth of 9.1 trillion in 2006 2005-06 2006-07 GDP at Constant Prices 700 600 500 400 U D 300 103 200 100 0 r 205 104 109 91 223 r   ¥¨  ¡ ¨©¨¤£ §¦ ¥¡¤£¢ ¡  1999-00 2002-03 r   Th p rf rma f a h r m a h ra r b p rf rma f h a m Contribution of Ser ices increased from 49 percent to 55 percent 155 116 168 117 Growth in sectors (2006-07): Industr : 10.7% 319 347 2005-06 2006-07 r .5% 7.4% m a r a r India's GDP: 2002-07 700 600 USD Billion 500 400 300 200 100 0 2002-03 2003-04 2004-05 4% 424 484 534 8.5% 8. since last 18 years 590 631 a m h th ar 4 t in term of PPP ± U D 4.

In actuality. processing the information. transmitting the information as necessary. this is referred to as Management Information Services (or MIS) or simply as Information Services (or IS). The information technology department of a large company would be responsible for storing information. E-commerce . information technology is the use of computers and software to manage information.Information technology    We use the term information technology or IT to refer to an entire industry. In some companies. and later retrieving information as necessary. protecting information.

According to ³NASSCOM IT BPO´ exports grew by 16% from US $ 40.9 billion in 2007-08 to US $47.6%.09. According to various studies despite the global meltdown the Indian IT industry expected to be the fastest growing in the Asia region with a CAGR of 18. .3BILLIONIN 2008.Future trends    The Indian government believe the export turnover from it sector would be US $ 80 billion by 2011.

INSURANCE The Insurance Industry Oriented In The 1818 with the formation of life insurance corporation in Calcutta the idea behind starting LIC was to provide insurance coverage for English window and different premium was charged for English and for the Indians .

Insurance  Auto insurance ------     Home insurance Health Life Property ------- .

Third party support service provider (catering. The Indian health sector consist Diagnostic service centers and pathology laboratories. laundry) . Medical equipment manufactures. Mental &social well being & just not the non existence of disease or aliment.HEALTHCARE      Health is defined as a state of complete physical.

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