Question

Explain the role of service sector in attracting funds from foreign countries .

Answer 1

1. As many IT's company are involving in Service sectors they attract. other MNC company towards India for Investment purpose thus making money from dollers
2. small company in cities making effort for big company to get fund back to India.

etc

Answer 2

Role of the service sector in attracting funds from foreign countries:

• India's service sector spreads over large areas of employment like business, trade, finance, real estate, insurance, communication, health, social, and various services.
• It is the sector that contributes maximum to the country's economy.
• Foreign trade investments increased due to liberal trade policies and this has resulted in the growth of both outflow and inflow of goods.
• The Make in India campaign has also attracted foreign investors on a large scale.
• The demand for the Indian healthcare industry and IT sector has increased across the world over the span of the last few years, the COVID 19 was a visible example.