Give reasons for growth of service sector in india
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larger part of the Indian economy both in terms of employment potential and its contribution to national income. Demand and supply factors have led to this growth. In the demand side high growth of services is the economy was mostly due to the factors such as the increasing input usage of services by other sectors.
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REASONS FOR THE GROWTH OF SERVICES IN INDIA: 1. Economic affluence: One, of the key factors for the growth of demand for services is the economic affluence. According to the NCAER study the size of the middle income consumer is raising fast and the percentage of the very poor household's declining..........
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