give reason for the growth of service sector in India
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Service sectors including community, social, and personal services experienced a growth of 7.8 percent during 2006-07 as against 7.7 percent growth in the previous year. ... The software services in Indian economy increased by 33 percent which registered a revenue of USD 31.4 billion. Business services grew by 82.4 percent.t
Explanation:
Main reasons behind the growth of services include rapid urbanization, the expansion of the public sector and increased demand for intermediate and final consumer services. Access to efficient services has become crucial for the productivity and competitiveness of the entire economy.
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