Question

Define services. Discuss indias export and avenues of services.

Answer 1

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Answer 2

Explanation:

The services are the end products that are received to each person or individual according to their demands. There are three sectors of services-

• Primary sector- which forms the foundation of any economy and comprises agricultural activities, fishing, and extraction.
• Secondary Sector- consists of manufacturing. The members of this sector are large and small scale industries. They serve as mediatory to primary and tertiary.
• Tertiary Sector- is basically the sector that takes the responsibility of provision of services. Services can be informative.

India’s export services form about 2.7 % of total export services. It is valued at around 100 billion per year. According to WTO’s agreement on trades and services, there are four modes of exports

Information Technology- BPO services

Basic Amenity Services like Health care, medicines, tourism, etc

The financial services including banking and depositories.