What are the major factors responsible for the high growth of the service sector?

Solution

India has been benefitted from the process of economic reforms and liberalisation, the rate of economic growth is increasing. The rate of growth of GDP was 5.6% during 1981-82 to 1990-91. During this period, the rate of growth in service sector was 6.7%. After adopting the new economic policy while the growth rate was 6.4%, the growth rate in service sector was 8.2 percent. So it is clear that the liberalisation and privatisation policy are responsible for the fast growth rate in service sector. For the period 2002-07, the projected growth rate in service sector is 8.0%

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

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Liberalisation, Privatisation And Globalisation : An Appraisal

What are the major factors responsible for the high growth of the service sector?

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

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