Name some new services of modern era?
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The importance of commercial services has dramatically increased since the turn of the century. Services have become a "major part of a country’s" trade basket.
Explanation:
- The services sector not only dominated India's GDP, it also received significant foreign investment flows, contributed greatly to exports and created large-scale employment. India 's services industries include a broad spectrum of operations comprising hotel and restaurants, trade, transport, financing, storage and communication, real estate,insurance, community, social & personal services, business services, & services related to construction
- India leads the way in non-traditional/ modern services. Modern services majorly comprise financial & other business services, information & technology, computer services, communication services, & information technology enabled services (ITES). India has witnessed has witnessed tremendous growth of such services, particularly in especially in the areas of ICT and software.
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