grade9 India service sector

1. MAIN SECTORS OF INDIAN
ECONOMY
By karthik

2. WHAT IS SERVICE SECTOR
• Service sector includes transport, communication, banking, health, education.
• The Service Sector is also called tertiary sector.
• Services can be broadly classified into
• Productive services
• Include transportation, trading, communication
• Consumer services
• Education and health services
• Services can also be divided into
• Economic services
• Directly contribute to the system of production and distribution
• Transportation and banking
• Social services
• These services indirectly support the economy
• Health services increase efficiency of labor

3. IMPORTANCE OF SERVICES
• Contribution of national income
• Service sector has become the largest contributor in terms of GDP
• The basic services such as hospitals have expanded substantially
• Trade policies have been liberalized this opened up the service sector to the private participation
• Many companies which are fully developed have started outsourcing their services to the Indian companies
• High standard of living
• Well developed social service in a country symbolizes a good quality of life
• This increases ability to work
• Rural development
• Lack of facilities in the backward state
• We cannot truly progress by ignoring the rural economy
• Contribution to employment
• sector employs 2 different sets of people
• People directly linked to banking and transport
• People who are indirectly helping (teachers)

4. INTERDEPENDENCE OF AGRICULTURE AND INDUSTRIAL SECTOR
ON THE SERVICE SECTOR
• Interdependence of agriculture and service sector
• Agriculture provides food items to the urban population working in the various service sector activities
• Service sector provides various services(banking transport)to the agricultural sector
• Service sector depends on the agricultural sector for skilled and unskilled labor further railways get bulk of their business from
the movement of these agricultural products
• Interdependence of industrial sector and service sector
• Industrial sector depends on service sector for transport and financial services also for health and education services
• Service sector depends on industrial sector for goods like computers and printers. People working in the service sector purchase
consumer goods like television which is provided by the industrial sector

5. SERVICE SECTOR IN INDIA
• Trade hotels and restaurants
• Internal trade implies that trading activities take place within the country
• External trade implies that activities take place between different countries
• In our country both private and public sector are engaged in this activity
• Services that are provided by the hotels and restaurants are included
• Transport storage and communication
• In our country both private and public sector take the storage and communication facilities
• Contribute to around 9% of India's current GDP
• Banking insurance
• Insurances are provided by both private and public sectors
• Contribute to around 16% of India's current GDP

6. RAPID GROWTH OF SERVICE SECTOR IN INDIA
• Growth of agriculture and industries
• Increasing levels of income
• Emergence of many new services with the emergence of new technologies
• Demand increase in health and education