Issue: November 2017
 
Home     
 STORY DETAILS
 
 
Cover Story 
Building a strong industrial sector is always on top of the agenda for policy makers and those governing the country. Industries not only provide goods ...
     read more...
Lead Article

...

read more...
Articles
  Promotional avenues for MSME by Chandrasekhar Reddy and Dibyendu Choudhury
  The authors opine that the Government of India has taken a number of steps for the promotion and development of Micro, Small and Medium Enterprises
  Quality Certification: Trigger force for competitiveness by Jatinder Singh
  In this article, the author has made it clear that quality certifications are no longer restricted to large industries.
  Enhancing competitiveness through Technology Up gradation by Bala Subrahmanya Mungila Hillemane
  The author opines that in the current era, it is imperative to enable an increasing
  Engineering a difference by V K Saxena
  The article described the efforts being made to revive the glory of Khadi by KVIC
Growth Trends in Services Sector
M Saravanan
B Chandrasekaran

Global economy is still in doldrums as many battered developed countries are still worried about a double-dip possibility. The sub-prime crisis that first hit the U.S economy spread globally to weaken many developed and emerging economies. Among nations that were less affected, India looks prominent, thanks to its highly resilient domestic economy characterized by high saving and investment rates and a dynamic service sector. Even in 2008-09 when the world financial system was stumbling in the aftermath of the global financial crisis, India’s Gross Domestic Product (GDP) growth was relatively lower at 6.8 percent, propped up by service sector that grew at 10.1 percent, contributing 56.4 percent of the country’s GDP. In the same year, service sector’s subcomponents, “finance, insurance, real estate and business services” and “community and personal services” expanded living12.5 percent and 12.7 percent respectively. According to the Prime Minister’s Economic Advisory Council (EAC), the growth rate of service sector in the last few years (2007-2011) has been a robust 10 percent. Structural Changes Among major economies, India is the fastest growing economies in the world after China. However, one aspect of economic growth that sets India apart is the way in which the structural changes have taken place. General economic growth theories and history support the hypothesis that when an economy develops, it transforms from being an agrarian into an industrial economy and continues to get industrialized till it reaches a stage of development when its share of industry sector declines and its share of services increases.

 
 
Regional Languages
Hindi
English
News & Events
Regular Column
J&K Window :
Do you know? : What is Forensic Auditing
Forensic auditing refers to the auditing with the main aim to employ accounting techniques and methods to gather evidence to investigate the crimes on financial front such as theft, fraud etc.
Copyright 2008 All rights reserved with Yojana Home  |  Disclaimer  |  Contact