Comparison Between India and China on Service Sector

1981 Words Mar 2nd, 2012 8 Pages
A COMPARITIVE STUDY ON BOOM OF SERVICE SECTOR IN INDIA AND CHINA

BY, R.SRIRAM

ABSRACT
Service Sector in India today accounts for more than half of India's GDP. According to data for the financial year 2011-2012, the share of services, industry, and agriculture in India's GDP is 55.1 per cent, 26.4 per cent, and 18.5 per cent respectively. The fact that the service sector now accounts for more than half the GDP marks a watershed in the evolution of the Indian economy and takes it closer to the fundamentals of a
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The ITES and BPO sectors grew by 33.5 percent and earned a revenue of USD 8.4 billion. The service sector of Indian economy has been the most high-powered sector in India's economy. It has also been focusing in various investments of late. As Indian economy is looking forward for more liberalization, sectors like banking are on its way to loom large and occupy a more significant position in India's economy
Service Sector Growth in India and China
The accelerated economic growth of both India and China in recent years has been a focus of significant policy discussion and analysis. On one hand, this growth is led by the IT industry in India, and on the other, it is the manufacturing industry based in China. However, service sector has played a very different role in both the countries. The share of service sector in India’s GDP is 54%

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