Growing service sector in Indian economy

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DEFINATION
The segment of the economy that

provides services to its consumers. This includes a wide range of businesses including financial institutions, schools, transports . Also known as "tertiary sector of industry," or "service industry.

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The various sectors that combine togetherto

constitute service qindustry are: Trade

q Hotels and Restaurants q Other Transport and storage q Railways q Communication(Post ,Telecom) q Banking, Insurance q Dwellings, Real estates
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q Business service q Public Administration ;Defance q Personal service q Community service q Other services

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OVERVIEW OF INDIAS SERVICE SECTOR

India stands out from other emerging

economy

because its growth has been led by the service sector.

The Sector constitutes a large part of the

Indian economy both in terms of employment potent

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its contribution to national income.

The Service exports in India have grown up

from

US $ 19.1 billion to US $ 73 billion in 2006.

o The sector covers a wide range of activities.

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