2. Role of service sector
Contribution to GDP.
Share of sub sectors
Contribution to employment
3.
4. Reasons for growth
Government policies.
Social changes.
Business trends.
Advances in IT.
Internationalization.
5. Government policies
Changes in regulation.
Privatization
New rules to protect customer , employees &
environment.
New agreements on trade in service.
6. Social changes
Rising consumer expectation.
More affluence
Immigration
Increased desire for buying experience &
things.
7. Business trends
More strategic alliances
Quality movements
Growth of franchising
Innovative hiring practices.
8. Advances in IT
Convergence of computer &
telecommunication
Greater bandwidth
Growth of internet
Faster ,more powerful software.
9. internationalization
More companies operating on transactional
basis.
Increased international travel
International mergers & alliances.
10. Key service businesses in India
Insurance
Transport
Telecommunication
IT& ITes
Electricity
Postal service
Tourism
Banking
11. Health care
Education
Entertainment and media service
Retailing.