When did the service sector growth picked up its pace from moderate to high? (give me the answer in particular year)
Answers
Service-sector growth is phenomenal.
However, there are good, better and best performances in between that observed as per following statements: business services, communication and banking, Road Transport, all belong.
Business services, comprising ,computer-related services, machinery manufacturing, accounting, legal services, technical services, and research, of which computer services consists of about four-fifths of business services during 2005-06, is the single fastest-growing segment.
Financial services include banking and insurance: Banking is the largest and fastest growing.
Other high growth observed in the sectors that include hotels, restaurants, education, health care services.
This also includes trade and transport.
The transport sector is:road transport, railway transport, air transport, and water transport.
The most phenomenal of these is road transport, which has a growth of six-fold between 1991-92 and 2005-06.14