The growth of service sector is sustainable and can make India as a rich country.Do you agree with this statement? Elaborate.
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Answer:YES I AGREE WITH THE STATEMENT THAT THE GROWTH IN SERVICE SECTOR CAN MAKE INDIA AS A RICH COUNTRY. THIS IS BECAUSE IF WE TAKE A LOOK AT THE PAST WE FIND THAT IN 1973 THE CONTRIBUTION OF service SECTOR TOWARDS GDP IS AROUND 40% BUT ON 2013
DUE TO THE GROWTH IN THIS SECTOR ITS CONTRIBUTION RISE TO 50% .
THUS WE CAN CONCLUDE THAT THE GROWTH IN SERVICE SECTOR INDEED MAKES INDIA A RICH COUNTRY.
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