India is major services provides to the world. Explain in point wise.
Answers
Answer:
India’s services trade has been a major driver of its exports over the past two decades. The country has emerged among the fastest growing nations in global services trade.
This sector has not only attracted significant foreign investment flows but also contributed significantly to exports as well as provided large-scale employment.
India’s services sector covers a wide variety of activities such as trade, hotels and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.
The services sector is the key driver of India’s economic growth. It contributed 54.17% of India’s gross value added (GVA) at current prices in 2018-19.
India’s export of services has shown an increasing trend from 2014-18, except for a small dip in 2015 whereas imports have also shown an increase from US$ 128.36 billion in 2014 to US$ 176.58 billion in 2018 with a trade surplus in the above period. The trade surplus has shown fluctuations in the past five years.
India’s services exports are majorly destined to USA, UK and Japan.
china will be a big economy in the World ,by 2024 and india will be at 3rd I'm so angry, on that .... ;(
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Answer:
India (Hindi: Bhārat), officially the Republic of India (Hindi: Bhārat Gaṇarājya),[23] is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west;[f] China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.