Service Sector in India: Performance, Problems and Prospects
As a consequence of the adoption of the New Economic Policy(NEP) of 1991, the growth rate of the Indian economy which stood at 3.5 per cent per annum during 1951-79, 5.0 percent per annum during 1980-91, in fact accelerated to 6.1 per cent per annum during 1992-2000. The economy has moved on from the ‘Hindu Rate of Growth’ of 3.5% per annum of yesteryears to ‘unstoppable India’ at 9 % per annum at present. India emerged as one of the fastest growing economies of the world during the 1990s. The remarkable performance of India’s economy is attributable in significant part to the spectacular dynamism shown by the services sector. Against this background, it would be appropriate if we try to find out: What are the constituents of service sector in India? How this sector performed on growth and employment fronts? What happened to service sector productivity in post 1980 period? What are the policies adopted by the Government of India to promote the services sector? what are the problems or challenges ahead in this sector? and what are the prospects /potential for growth in this sector?
When requesting a correction, please mention this item's handle: RePEc:mgn:journl:v:4:y:2011:i:5:a:2. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shankar Gargh)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.