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What is the Service Sector

◼ The service sector produces intangible goods, more


precisely services instead of goods.
◼ It comprises various service industries including
warehousing and transportation services, information
sector services, health care and social assistance
services, and arts, entertainment, and recreation services.
◼ Countries with economies centered around the service
sector are considered more advanced than industrial or
agricultural economies.
BREAKING DOWN Service Sector

◼ The service sector, also known as the tertiary


sector, is the third tier in the three sector
economy.

◼ Instead of the product production, this sector


produces services like advice, experience and
discussion.
BREAKING DOWN Service Sector
(Contd.)
Global Outlook

According to the International Monetary Fund (IMF) ,


following countries are the largest by service or tertiary
output:
◼ United States: $14.76 billion
◼ China: $5.7 billion
◼ Japan: $3.5 billion
◼ Germany: $2.4 billion
◼ United Kingdom: $2.1 billion
◼ France: $1.9 billion
◼ Italy: $1.4 billion
◼ Brazil: $1.3 billion
◼ Canada: $1.1 billion
◼ India: $1.0 billion
Performance of Indian Service
Sector
Technology in the Service
Industry
Future Trends in Technology in
the Service Industry
◼ Indian IT services industry to grow 8-11% in
FY19
◼ BFSI, manufacturing, retail and consumer
packaged goods, telecom and media and
entertainment are the largest IT spending
industries.

Source-IBEF
Telecommunication Services

◼ Data usage expected to grow at 73% by 2022:


ASSOCHAM-PwC study

◼ India’s data consumption is expected to grow


at a compounded annual growth rate (CAGR)
of about 73 per cent to 109,658,793 million
MB by 2022, according to a study by industry
body ASSOCHAM and PwC. This is on the
back of lower than ever data tariffs and
increasing smartphone penetration in the
country.
Top Hotel Chains in the world
Key Players
Profiles

◼ Different areas of Money management other


than Financial advisor ,Tax consultant,
Banker, Equity Analyst, Cash Manager,
Research Manager

◼ Financial Accountant

◼ Financial Business Analyst


Responsibilities Of Financial Analyst

◼ Make P&L every month


◼ Analyze monthly P&L on all aspects and record
trends on profitability, cash, inventory etc
◼ Financial Planning and Budgeting
◼ Facilitate Monthly Business Reviews along with the
CEO
◼ Feed the management/board with important
analysis
Responsibilities Of Financial
Analyst (Contd)
◼ Forecasting & related analysis (Variance analysis)

◼ Appraise & Critically review all new investment


decisions

◼ Review and consult line managers on areas of


improvement in cost, margin, profitability

◼ Act as a financial strategic consultant to the COO,


CFO and CEO.