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| (Study Material for IPS LCE) Socio Economic Development in India: Services Sector and Its Contribution To The Indian Economy Posted: 24 Apr 2012 11:14 PM PDT  
Important Materials on Socio Economic Development in India for IPS LCE Examination Services Sector and Its Contribution To The Indian Economy Courtesy: Ministry of Information and Broadcasting publication division Services Sector and Its Contribution To The Indian Economy The country's high growth path in the post-reform period since 1991 is mostly paved with the spectacular and consistently robust growth of its tertiary sector, i.e., services sector. This is particularly so as both the primary (agriculture) and the secondary (manufacturing) sectors' growth remained substantially subdued. That the services sector has emerged as an indisputably important component of the country's overall gross domestic product (GDP) is a testimony and recognition so much so that the Pre-Budget Economic Survey of the Ministry of Finance did set apart a separate chapter to chronicle the developments in this crucial sector for the first time. Rightly did the Survey contend that "having a separate chapter on services will be a catalyst for better and more regular data on this sector". Be that as it may, it would be important to recount the role and share of this sector in the country's growth story. The share of services in India's GDP at factor cost (at current prices) rose rapidly from 30.5 percent in 1950-51 to 55.2 percent in 2009-10. If construction segment is also included, then the share increases to a lion's share of 63.4 percent in 2009-10. A caveat is in order here because RBI and international institutions like WTO included construction industry under services, although from a national accounts classification it is part of the secondary rather than the tertiary sector. Central Statistical Organization (CSO) classification of the services sector consist of four broad categories viz., read more © 2012 www.upscportal.com Get Study Notes for IAS Preparation 2012. Call: +91 011 9911626661Get Your Dream Job. SUBMIT YOUR RESUME Online. |
| (Jobs) Recruitment of Various Posts at Mizoram Public Service Commission - 2012 Posted: 24 Apr 2012 04:51 AM PDT |
| (QUIZ) Indian Polity MCQs: The Union : (Paper -1) Posted: 24 Apr 2012 02:25 AM PDT |
| BOOK ORDER FORM : Current Affairs For Civil Services Pre Examination - 2012 Posted: 24 Apr 2012 01:20 AM PDT   | Order on Phone: Call 1800 102 3547 (Toll Free) - Flipkart.com | Medium: Hindi Price: Rs. 350 Pages: 584 Publisher: UPSCPORTAL.COM Features of the Book: - News from 1st May 2011 to 31st March 2012
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