Structural Changes and the Role of Services Sector in Indian Economy

The Indian economy following the 1991 crisis swiftly moved away from central planning economy towards market-based economy with the government having less intervention and control. As a result, companies were operating in what is called emerging

In an increasingly interdependent financial world the recent Global Economic Crisis has had a cascading effect on the economies across nations. The crisis also impacted the Indian economy, though on the subdued scale and magnitude vis-à-vis the USA and other developed countries.

An important parameter used to analyze the Indian Economy is the industrial production in a year; with other parameters like the imports, exports, etc.

India is a developing country with the second largest population. It economic model is market economy. From 1997 to 2011, the Gross Domestic Product (GDP) of India has grown with the average about 7% per year (South, n.d.). India economy are very diverse from traditional local farming to modern international IT outsourcing companies. Even though a large part of the population are still working in agriculture industry, most of the recent economic comes from the service

On the 15th of August, 1947, India awoke to freedom and democracy, when the British passed on the controls of ‘the brightest jewel in the crown’ (as India was lovingly called) to the Indian people. The Indian subcontinent has been invaded since time immemorial for the riches the land held. It is often said that trading with India and conquering it was a great deal to the Europeans. For the British to reign the country for so long, which became dominant primarily after several wars and diplomatic issues in Indian as well as Europe, was a source of pride. It established them as superior to the Dutch, French and Portuguese. However, if India indeed is a country of such abundance, and has been a free country for so long, why is it still counted amongst low income countries? In this paper, I make an attempt to evaluate how India’s economic policies and growth have changed since independence.

Manufacturing, service and agriculture are the major economic activities in any country. In India, manufacturing and services together constitute nearly 75% of the GDP. Moreover, in recent years the growth in GDP is primarily due to the growth in these sectors of the economy. During the last ten years, the share of services in the GDP has grown steadily from about 40% to about

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According to Narayana & Babu (2008), Indian economy stands as a third largest economy around the world. As per the purchasing power parity the gross domestic product of the country (GDP) is US $3.611 trillion. As per the measurement of USD exchange rate Indian economy is considered to be one of the 10th largest economies in the

The present procedure of rural advancement in India primarily concentrates on poverty alleviation, better livelihood opportunities, provision of basic amenities, infrastructure facilities and foundation offices through creative projects of pay and independent work. Rural Development in India is a standout amongst the most imperative variables for the development of the Indian economy. India is fundamentally an agribusiness based nation. Agriculture contributes nearly one-fifth of the gross domestic product in India . In order to increase the growth of agriculture, the Government has planned several programs pertaining to Rural Development in India. So as to build the development of farming, infrastructural amenities,

SMEs (Small and Medium enterprises) are one of the key drivers of India’s economic growth. Over the years a large number of small and medium size companies have grown in the market. Small and Medium Enterprises (SMEs) have been contributing so much towards the GDP of India. With their emergence and huge potential, the government of India launched regulated trading platforms for the SMEs, which allows them to get listed without bringing an IPO. The stock exchanges for these enterprises were introduced so that these firms can do better in financing activities for themselves. Of course, there is an option of adding debt, which also helps improve the overall return on equity, but the cost of raising debt for SMEs is relatively higher. High interest expense does not look very good on the profit and loss statement of a growing company. Thus, in order to fund the next stage of growth without excessive interest cost burden, companies look to access equity funds via capital markets. This is where listing on an exchange comes into the picture. The research would include the implications of the introduction of the BSE and NSE SME stock exchanges how well they are performing. Also, what is the response from the SME sector.

Economics is the social science that studies the production, distribution and consumption of goods and services and in general the economy includes all of the country's economic system, or any other area, employment, capital, natural resources, industry, trade, distribution, and consumption of goods and services in that region. The economy could also be described as a spatially limited social network where the exchange of goods and services in accordance with supply and demand among participants through barter or through the medium of Exchange using the acceptable values for debt and credit within that social network and a simplified economy shows how the community provides basic needs, there are different ways to measure the economic performance of the country, such as exchange rate and GDP GNP and the securities market and stock market and national debt, interest rates and inflation, unemployment and balance of trade.

India is today one of the six fastest growing economies of the world. The country ranked fourth in terms of Purchasing Power Parity (PPP) in 2001. The business and regulatory environment is evolving and moving towards constant -improvement. A highly talented, skilled and English-speaking human resource base forms its backbone.

The reforms’ pertaining to the monetary policies and the macroeconomic policies over the last few years has influenced the Indian economy to the core. The major step towards opening up of the financial market further was the nullification of the regulations restricting the growth of the financial sector in India. To maintain such a growth for a long term the inflation has to come down further.

The last two decades have witnessed an unprecedented growth of the Indian service sector. FDI is a tool for economic growth through its strengthening of domestic capital, productivity and employment. FDI plays a vital role in the up gradation of technology, skills and managerial capabilities in various sectors of the economy. The study aims to analyze the growth dynamics of the FDI. It intends to see whether the growth in FDI has any significant impact on the service sector growth and also investigates whether a growth in this

India’s economy has been one of the stars of global economics in recent years. It has grown by more than 9% for three