The service sector has become a major driver of economic growth in India and globally. In India, the service sector now accounts for over half of GDP and employs around 28% of the workforce. This is due to India's large skilled, low-cost workforce that has enabled growth in outsourcing industries like IT and BPO. Major service subsectors fueling growth include tourism, software/IT, education, entertainment, banking/finance, and business process outsourcing. While the service sector provides benefits like increasing GDP share and employment, it still faces challenges in remaining competitive in a globalizing economy.
The Telstra Productivity Indicator is a
comprehensive report on how large
Australian organisations measure,
manage and invest in their productivity
potential.
Australia: Land of plenty (opportunities for smart infrastructure)Telstra
Dr. Flavio Romano presents on the massive existing opportunities in Australia where smart infrastructure could be utilised to extract efficiency and avoid costly new infrastructure builds.
Terza Reunion Alumni Continuity Program ELIS alumnielis
The document discusses how cities and communities are changing globally due to demographic shifts, including population growth and aging. Key points of change include populations increasingly living in urban versus rural areas, economic power shifting to emerging countries, and labor forces in developed countries aging and declining. These megatrends will require cities to change how they operate and invest in new infrastructure to meet evolving social and economic needs.
This document discusses building an innovation economy in Peru. It outlines that while Peru has experienced strong economic growth in recent decades based on natural resources and open markets, it has not yet established the foundations for an innovation-driven economy. The document proposes that Peru must now focus on building innovative capacity, transitioning from microenterprises to innovation-based entrepreneurship, and harnessing the power of cluster-driven economic strategies. This will help Peru move to the next stage of economic development beyond its current resource-led growth model.
Want to know if your start-up is in a sector set to boom – or bust? Or are you wondering which sector is best for start-ups?
For start-ups, good ideas will remain good ideas regardless of economic conditions, but it’s advisable to see which way the wind is blowing before launching your business.
Business information analyst IBISWorld has researched 500 industries, forecasting which sectors are expecting exceptional growth, as well as identifying those that are facing troubled times ahead.
The document compares economic data between the United States and China and discusses their economic interdependence. It notes that China has a large population and lower GDP per capita than the US, but has experienced much higher growth rates. Both countries are each other's largest trading partners. While China is often accused of unfair trade practices that cost US jobs, increased trade has also lifted hundreds of millions of Chinese out of poverty and the US remains China's largest export market.
The document summarizes Mexico's growing macroeconomic environment and its potential for business opportunities.
Mexico has experienced strong GDP growth in recent years and will surpass many developed nations. There is a large presence of medium and small sized companies that are favorable for new business concepts. Mexico also has compelling demographic dynamics with a young population and fast growing middle class that will increase the potential customer base. Internet usage in Mexico is among one of the fastest growing globally which opens opportunities for e-commerce.
The Telstra Productivity Indicator is a
comprehensive report on how large
Australian organisations measure,
manage and invest in their productivity
potential.
Australia: Land of plenty (opportunities for smart infrastructure)Telstra
Dr. Flavio Romano presents on the massive existing opportunities in Australia where smart infrastructure could be utilised to extract efficiency and avoid costly new infrastructure builds.
Terza Reunion Alumni Continuity Program ELIS alumnielis
The document discusses how cities and communities are changing globally due to demographic shifts, including population growth and aging. Key points of change include populations increasingly living in urban versus rural areas, economic power shifting to emerging countries, and labor forces in developed countries aging and declining. These megatrends will require cities to change how they operate and invest in new infrastructure to meet evolving social and economic needs.
This document discusses building an innovation economy in Peru. It outlines that while Peru has experienced strong economic growth in recent decades based on natural resources and open markets, it has not yet established the foundations for an innovation-driven economy. The document proposes that Peru must now focus on building innovative capacity, transitioning from microenterprises to innovation-based entrepreneurship, and harnessing the power of cluster-driven economic strategies. This will help Peru move to the next stage of economic development beyond its current resource-led growth model.
Want to know if your start-up is in a sector set to boom – or bust? Or are you wondering which sector is best for start-ups?
For start-ups, good ideas will remain good ideas regardless of economic conditions, but it’s advisable to see which way the wind is blowing before launching your business.
Business information analyst IBISWorld has researched 500 industries, forecasting which sectors are expecting exceptional growth, as well as identifying those that are facing troubled times ahead.
The document compares economic data between the United States and China and discusses their economic interdependence. It notes that China has a large population and lower GDP per capita than the US, but has experienced much higher growth rates. Both countries are each other's largest trading partners. While China is often accused of unfair trade practices that cost US jobs, increased trade has also lifted hundreds of millions of Chinese out of poverty and the US remains China's largest export market.
The document summarizes Mexico's growing macroeconomic environment and its potential for business opportunities.
Mexico has experienced strong GDP growth in recent years and will surpass many developed nations. There is a large presence of medium and small sized companies that are favorable for new business concepts. Mexico also has compelling demographic dynamics with a young population and fast growing middle class that will increase the potential customer base. Internet usage in Mexico is among one of the fastest growing globally which opens opportunities for e-commerce.
The document discusses positive trends in sub-Saharan Africa, including high GDP growth rates, increasing foreign investment, growth of major industries and entrepreneurs, improvements in technology and security, and potential for development of natural resources and agriculture. However, it also notes ongoing challenges, such as slow reduction of extreme poverty and lack of progress in political and civil rights. It argues that implementing new public management methods, innovating in infrastructure finance, focusing on urban development and local governments, and recognizing Africa as a diverse continent rather than single entity can help address remaining obstacles.
The document discusses Perspective 2020 and outlines key messages:
1) The Indian IT/business services industry has had an unparalleled impact on the Indian economy over the last decade but a large unfinished agenda remains.
2) By 2020, global megatrends will create new opportunities and risks as the addressable market triples in size. The Indian industry's exports are expected to expand three-fold to $175 billion while domestic revenues could reach $50 billion.
3) The 2020 landscape will be dramatically altered with 80% of growth coming from currently untapped markets outside traditional sectors and regions. Talent, customers' needs, and the supply side will also evolve significantly.
The document appears to be from the India Competitiveness Report 2014 and includes various charts and graphs about India's economy and development over time. Some key points:
- India's GDP and GDP per capita have grown significantly since 1970, but poverty levels remain high. GDP per capita was around $1,500 in 2012.
- The percentage of the population living below the poverty line and on less than $1.25/day has declined but still affects a significant portion of Indians.
- The structure of India's economy has shifted from being primarily agriculture-based to one with larger industry and services sectors.
- Under different growth rate scenarios, India's GDP and per capita GDP could increase substantially
The document provides an overview of population, economic, and employment trends in the Austin metropolitan statistical area (MSA). Some key points:
- The Austin MSA population grew 41.4% between 1999-2009, among the fastest growing of major US metro areas.
- The region is projected to add over 112,000 new jobs in the next 5 years and see continued strong economic and population growth.
- Major employers in the Austin area include Dell, IBM, Seton Healthcare, St. David's Healthcare, Apple, National Instruments, and Whole Foods Market. The area has attracted many new and expanded operations from companies like Oracle, Samsung, and PayPal.
This document analyzes major data sources on the U.S. nonprofit sector from 2000-2010. It finds that: 1) nonprofits are a major employer, employing over 10 million people or 10% of private sector employment; 2) they are significant service providers, especially in education and health; 3) nonprofit employment grew dynamically at 2.1% annually compared to a 0.6% decline for for-profits; 4) nonprofits proved resilient during the recession; and 5) they face increasing competition from for-profit firms in some industries like education and healthcare.
Ways to Change - Insight on How to Succeed in the Digital Future of Magazine ...jackgriffinesa
This document discusses ways for magazines to succeed in the digital future. It notes that digital media is growing rapidly and will dominate the future. The mobile world is always connected and growing. Print circulation is declining as more transition to digital. Tablets are a major disruptor for print publishing. To transform, magazines must embrace perpetual change, have content on every platform, and develop new digital roles and skills. Success requires a commitment to ongoing adaptation and evolution.
The CEO of Generali Group presented at the UBS Italian Financial Services Conference in Milan on January 22, 2010. In his presentation, he discussed:
1) The uncertain but gradual global economic recovery and challenges from stricter capital requirements for insurers.
2) Mixed recovery in insurance markets, with opportunities in life insurance but challenges in property and casualty.
3) Generali's positive results in 2009, with growth in gross written premiums, net result, and shareholders' equity from 2008 to the first three quarters of 2009.
Slide 19 shows that private insurance companies will design, administer and underwrite 1Care's Social Health Insurance (SHI).
This will create a similar situation as America where insurance decides what healthcare citizens will get.
Watch the movie "Sicko" to see the result of such a system.
Overview of global fashion industry final....Manali Thakkar
The document provides an overview of the global fashion industry and analyzes India and UAE's textile export and import trends over the last 5 years. It discusses the background of the world, Indian, and UAE textile industries. Key points include: India is the 2nd largest cotton producer and a major textile exporter, especially to the EU and USA. UAE is a top importer of Indian textiles and garments. Bilateral trade between India and UAE has grown significantly over the past decade, with UAE now India's largest trading partner.
JBS S.A. is a global meat processing company headquartered in Brazil. It has the following key aspects of its business strategy:
1) Building a global production and distribution platform through acquisitions to access raw material supply and markets globally.
2) Integrating sales and distribution to efficiently serve local and external markets around the world.
3) Increasing value-added processed meat products and global brands to improve margins.
The document provides an overview of JBS' history of acquisitions, production and sales platforms around the world, and strategies around sustainability and corporate governance.
Cost dynamics in Irish Health Care Society of Actuaries presentation Oct 2012Oliver O'Connor
The document discusses rising health care costs as a threat to economies and sustainability. It notes that while aging populations contribute somewhat to increased costs, other factors like new technologies and income growth are larger drivers. International data shows health spending as a percentage of GDP has risen significantly over 40 years. While most countries see continued increases projected, Ireland is estimated to have relatively low excess cost growth. The document advocates for policies like budget caps, more competition, and supply-side reforms to manage costs over the long run.
Mobile driving Internet to the masses - Mobile Internet World 2012Rob Van Den Dam
The document discusses how mobile technology is driving internet access globally. It notes that mobile subscriptions have grown tremendously over the past decade, especially in developing markets, and mobile is now the primary means of internet access in many Asian countries including China. The rise of smartphones and tablets has further fueled the growth of mobile internet use and applications. China in particular has seen rapid adoption of 3G and smartphones.
Industrial Policy and Upgrading for sustained growth: The Asian ExperienceEconomic Research Forum
Keun Lee - Seoul National University
ERF 24th Annual Conference
The New Normal in the Global Economy: Challenges & Prospects for MENA
July 8-10, 2018
Cairo, Egypt
This document summarizes key aspects of the service sector in India. It notes that the service sector now accounts for over half of India's GDP and is the largest employer. Some of the fastest growing services include travel/tourism, business process outsourcing, software/IT services, and banking/finance. India has become a major hub for outsourcing due to its large English-speaking workforce and lower costs compared to other countries. However, the service sector still faces challenges from increasing competition and needing further development.
The document discusses the three sectors of the Indian economy - primary, secondary, and tertiary. It describes how economies typically evolve from primarily relying on the primary sector to developing strong secondary and tertiary sectors over time. The service sector is a major part of the Indian economy and has grown significantly. Key services include trade, transportation, finance, and business services. The sectors are interdependent, and globalization has further increased integration between economies and growth in international trade of services.
The service sector contributes significantly to the Indian economy, accounting for 59% of GDP in 2013-2014 and growing at 9% annually. It contributes about a quarter of total employment. Some key points:
- Finance, insurance, and real estate have shown robust growth of 12.9% and are major contributors.
- Information technology and IT-enabled services have been one of the fastest growing sectors.
- Transportation, storage, and communication as well as trade and hotels have also experienced substantial growth.
- The sector is expected to continue its strong growth in the coming years, supported by expanding digital services, urbanization, and recovery in other sectors.
Shahnaz Husain is an Indian entrepreneur who founded Shahnaz Herbals Inc., known for herbal cosmetic products, especially skin care. She has developed over 375 herbal formulations for beauty and skin treatments. Some of her top selling products include Shahnaz Husain Shawhite pigmentation lotion, Herbal Sindoor, and Herbal Kajal. Through her company, she has empowered women by training them to run beauty salons from their homes. Shahnaz Husain's brand has a global presence and her products are sold worldwide, including prestigious stores in London.
The service sector is an important part of any economy that produces intangible goods and services rather than tangible products. It includes activities like trade, communication, hospitality, and other services. India's large service sector has grown significantly in recent decades due to factors like rapid industrialization, supportive government policies, and an increasingly skilled workforce. The sector now accounts for over half of India's GDP and has experienced strong double-digit growth, positioning the country as a leader in sectors like information technology and business services. However, it still faces weaknesses around infrastructure and financial support.
The document discusses the rise of Asian economies and whether India can emerge as a superpower. It shows that Asia now dominates the world economy, led by China and India. While India has grown significantly in recent decades and is forecasted to become the third largest economy, it still faces challenges including poverty, poor infrastructure, and deficits that could hamper its rise. The history of India's economy is explored from pre-colonial times through British rule to modern reforms and liberalization that have driven recent growth.
This document discusses the challenges and opportunities facing middle-income countries as global wealth shifts. It notes that while shifting wealth has created opportunities through reduced poverty and new development resources, middle-income countries face challenges around productivity growth, social cohesion, environmental sustainability, and maintaining fiscal revenue levels. Specific challenges discussed include the risk of falling into a "middle income trap" with slowing growth, rising inequality and labor disputes, high youth unemployment in Africa, and tax revenues generally being lower in Latin American countries compared to OECD nations.
The document discusses positive trends in sub-Saharan Africa, including high GDP growth rates, increasing foreign investment, growth of major industries and entrepreneurs, improvements in technology and security, and potential for development of natural resources and agriculture. However, it also notes ongoing challenges, such as slow reduction of extreme poverty and lack of progress in political and civil rights. It argues that implementing new public management methods, innovating in infrastructure finance, focusing on urban development and local governments, and recognizing Africa as a diverse continent rather than single entity can help address remaining obstacles.
The document discusses Perspective 2020 and outlines key messages:
1) The Indian IT/business services industry has had an unparalleled impact on the Indian economy over the last decade but a large unfinished agenda remains.
2) By 2020, global megatrends will create new opportunities and risks as the addressable market triples in size. The Indian industry's exports are expected to expand three-fold to $175 billion while domestic revenues could reach $50 billion.
3) The 2020 landscape will be dramatically altered with 80% of growth coming from currently untapped markets outside traditional sectors and regions. Talent, customers' needs, and the supply side will also evolve significantly.
The document appears to be from the India Competitiveness Report 2014 and includes various charts and graphs about India's economy and development over time. Some key points:
- India's GDP and GDP per capita have grown significantly since 1970, but poverty levels remain high. GDP per capita was around $1,500 in 2012.
- The percentage of the population living below the poverty line and on less than $1.25/day has declined but still affects a significant portion of Indians.
- The structure of India's economy has shifted from being primarily agriculture-based to one with larger industry and services sectors.
- Under different growth rate scenarios, India's GDP and per capita GDP could increase substantially
The document provides an overview of population, economic, and employment trends in the Austin metropolitan statistical area (MSA). Some key points:
- The Austin MSA population grew 41.4% between 1999-2009, among the fastest growing of major US metro areas.
- The region is projected to add over 112,000 new jobs in the next 5 years and see continued strong economic and population growth.
- Major employers in the Austin area include Dell, IBM, Seton Healthcare, St. David's Healthcare, Apple, National Instruments, and Whole Foods Market. The area has attracted many new and expanded operations from companies like Oracle, Samsung, and PayPal.
This document analyzes major data sources on the U.S. nonprofit sector from 2000-2010. It finds that: 1) nonprofits are a major employer, employing over 10 million people or 10% of private sector employment; 2) they are significant service providers, especially in education and health; 3) nonprofit employment grew dynamically at 2.1% annually compared to a 0.6% decline for for-profits; 4) nonprofits proved resilient during the recession; and 5) they face increasing competition from for-profit firms in some industries like education and healthcare.
Ways to Change - Insight on How to Succeed in the Digital Future of Magazine ...jackgriffinesa
This document discusses ways for magazines to succeed in the digital future. It notes that digital media is growing rapidly and will dominate the future. The mobile world is always connected and growing. Print circulation is declining as more transition to digital. Tablets are a major disruptor for print publishing. To transform, magazines must embrace perpetual change, have content on every platform, and develop new digital roles and skills. Success requires a commitment to ongoing adaptation and evolution.
The CEO of Generali Group presented at the UBS Italian Financial Services Conference in Milan on January 22, 2010. In his presentation, he discussed:
1) The uncertain but gradual global economic recovery and challenges from stricter capital requirements for insurers.
2) Mixed recovery in insurance markets, with opportunities in life insurance but challenges in property and casualty.
3) Generali's positive results in 2009, with growth in gross written premiums, net result, and shareholders' equity from 2008 to the first three quarters of 2009.
Slide 19 shows that private insurance companies will design, administer and underwrite 1Care's Social Health Insurance (SHI).
This will create a similar situation as America where insurance decides what healthcare citizens will get.
Watch the movie "Sicko" to see the result of such a system.
Overview of global fashion industry final....Manali Thakkar
The document provides an overview of the global fashion industry and analyzes India and UAE's textile export and import trends over the last 5 years. It discusses the background of the world, Indian, and UAE textile industries. Key points include: India is the 2nd largest cotton producer and a major textile exporter, especially to the EU and USA. UAE is a top importer of Indian textiles and garments. Bilateral trade between India and UAE has grown significantly over the past decade, with UAE now India's largest trading partner.
JBS S.A. is a global meat processing company headquartered in Brazil. It has the following key aspects of its business strategy:
1) Building a global production and distribution platform through acquisitions to access raw material supply and markets globally.
2) Integrating sales and distribution to efficiently serve local and external markets around the world.
3) Increasing value-added processed meat products and global brands to improve margins.
The document provides an overview of JBS' history of acquisitions, production and sales platforms around the world, and strategies around sustainability and corporate governance.
Cost dynamics in Irish Health Care Society of Actuaries presentation Oct 2012Oliver O'Connor
The document discusses rising health care costs as a threat to economies and sustainability. It notes that while aging populations contribute somewhat to increased costs, other factors like new technologies and income growth are larger drivers. International data shows health spending as a percentage of GDP has risen significantly over 40 years. While most countries see continued increases projected, Ireland is estimated to have relatively low excess cost growth. The document advocates for policies like budget caps, more competition, and supply-side reforms to manage costs over the long run.
Mobile driving Internet to the masses - Mobile Internet World 2012Rob Van Den Dam
The document discusses how mobile technology is driving internet access globally. It notes that mobile subscriptions have grown tremendously over the past decade, especially in developing markets, and mobile is now the primary means of internet access in many Asian countries including China. The rise of smartphones and tablets has further fueled the growth of mobile internet use and applications. China in particular has seen rapid adoption of 3G and smartphones.
Industrial Policy and Upgrading for sustained growth: The Asian ExperienceEconomic Research Forum
Keun Lee - Seoul National University
ERF 24th Annual Conference
The New Normal in the Global Economy: Challenges & Prospects for MENA
July 8-10, 2018
Cairo, Egypt
This document summarizes key aspects of the service sector in India. It notes that the service sector now accounts for over half of India's GDP and is the largest employer. Some of the fastest growing services include travel/tourism, business process outsourcing, software/IT services, and banking/finance. India has become a major hub for outsourcing due to its large English-speaking workforce and lower costs compared to other countries. However, the service sector still faces challenges from increasing competition and needing further development.
The document discusses the three sectors of the Indian economy - primary, secondary, and tertiary. It describes how economies typically evolve from primarily relying on the primary sector to developing strong secondary and tertiary sectors over time. The service sector is a major part of the Indian economy and has grown significantly. Key services include trade, transportation, finance, and business services. The sectors are interdependent, and globalization has further increased integration between economies and growth in international trade of services.
The service sector contributes significantly to the Indian economy, accounting for 59% of GDP in 2013-2014 and growing at 9% annually. It contributes about a quarter of total employment. Some key points:
- Finance, insurance, and real estate have shown robust growth of 12.9% and are major contributors.
- Information technology and IT-enabled services have been one of the fastest growing sectors.
- Transportation, storage, and communication as well as trade and hotels have also experienced substantial growth.
- The sector is expected to continue its strong growth in the coming years, supported by expanding digital services, urbanization, and recovery in other sectors.
Shahnaz Husain is an Indian entrepreneur who founded Shahnaz Herbals Inc., known for herbal cosmetic products, especially skin care. She has developed over 375 herbal formulations for beauty and skin treatments. Some of her top selling products include Shahnaz Husain Shawhite pigmentation lotion, Herbal Sindoor, and Herbal Kajal. Through her company, she has empowered women by training them to run beauty salons from their homes. Shahnaz Husain's brand has a global presence and her products are sold worldwide, including prestigious stores in London.
The service sector is an important part of any economy that produces intangible goods and services rather than tangible products. It includes activities like trade, communication, hospitality, and other services. India's large service sector has grown significantly in recent decades due to factors like rapid industrialization, supportive government policies, and an increasingly skilled workforce. The sector now accounts for over half of India's GDP and has experienced strong double-digit growth, positioning the country as a leader in sectors like information technology and business services. However, it still faces weaknesses around infrastructure and financial support.
The document discusses the rise of Asian economies and whether India can emerge as a superpower. It shows that Asia now dominates the world economy, led by China and India. While India has grown significantly in recent decades and is forecasted to become the third largest economy, it still faces challenges including poverty, poor infrastructure, and deficits that could hamper its rise. The history of India's economy is explored from pre-colonial times through British rule to modern reforms and liberalization that have driven recent growth.
This document discusses the challenges and opportunities facing middle-income countries as global wealth shifts. It notes that while shifting wealth has created opportunities through reduced poverty and new development resources, middle-income countries face challenges around productivity growth, social cohesion, environmental sustainability, and maintaining fiscal revenue levels. Specific challenges discussed include the risk of falling into a "middle income trap" with slowing growth, rising inequality and labor disputes, high youth unemployment in Africa, and tax revenues generally being lower in Latin American countries compared to OECD nations.
This document analyzes the Look Asia Project from Korea and Colombia's perspectives. It discusses rising oil consumption in Asia compared to other regions through 2035. It also examines Korea's need to diversify its oil imports away from the Middle East and Colombia's interest in exporting more oil to growing Asian markets like Korea, China and India. The document outlines advantages and challenges of the project for both Korea and Colombia.
The Emergence of Private Equity in AsiaTuck Seng Low
Private equity has emerged as an important alternative investment in Asia. The presentation discusses the growth of private equity in Asia, with total private equity pools growing at an average of 24% annually from 1994 to 2003. Several Asian economies like China, India, Korea and Singapore have seen particularly strong growth. The presentation also outlines the types of private equity funds focused on Asia, including regional, country-specific, bank-sponsored and corporate funds. Selected private equity deals and exits in Asia from the first half of 2004 are also mentioned.
1) The document discusses the investment opportunity in small cap stocks in India. It notes that small caps have outperformed other indices like Sensex and midcaps over the last 2 years.
2) Small caps still trade at lower valuations like P/E compared to large caps, despite examples provided of small caps growing to become large caps over time, creating significant wealth.
3) Success in small cap investing is dependent on strong stock selection in high growth sectors and companies with scalable business models and passionate management.
1) The document discusses the opportunity for investing in small cap companies in India.
2) Small caps have outperformed other indices like Sensex and midcaps over the last 2 years and still trade at lower valuations.
3) Examples are given of companies that started as small caps and grew to become large caps, delivering substantial returns over many years.
4) Successful small cap investing relies on careful stock selection focusing on growth potential, emerging sectors, and passionate management.
This document provides an introduction to a services management course. It discusses why the study of services is important given the growth of the service sector in economies. It defines what services are and outlines some key characteristics of services, such as intangibility, heterogeneity, simultaneous production and consumption, and perishability. These characteristics present both challenges and opportunities for managing services compared to goods. The document also introduces frameworks for analyzing services, such as the eight service components and strategic service classification models. An example of an automotive lube service company, Xpresso Lube, is used to illustrate service concepts.
The document provides statistics on the growth of various media in India from 2010-2015. It discusses that India has one of the largest newspaper markets with over 107 million copies circulated daily. The print media sector was valued at INR 19,288 crores in 2010 and is expected to grow at 10% CAGR to INR 31,010 crores by 2015. Television is also growing with increasing digitization and regional markets providing strong potential. The online sector in India is dominated by social media which reaches 84% of online users.
DDC ODA Extended by local and regional governmentsOECDregions
1. The document discusses data on official development assistance (ODA) extended by local and regional governments from 2005 to 2015.
2. Key findings include that the volume of decentralized development cooperation (DDC) has remained stable over the past 10 years, increasing slightly by 4% from 2005 levels. DDC has also decreased slightly as a proportion of total bilateral ODA, from 6% in 2005 to 4% in 2015.
3. China was the top recipient country of DDC in 2005, 2010, and 2015, mainly due to imputed student costs in Germany. When excluding these costs, top recipients in 2010 and 2015 included Haiti, Peru, and various African and Latin American countries.
The document discusses drivers of global internet growth including broadband/PC penetration. It notes that internet penetration continues to have significant room for growth worldwide. Growth is expected to be highest in developing regions like Asia Pacific and Latin America. Broadband and PC adoption, which are tied to rising GDP per capita, are key in increasing internet access. As broadband and internet-enabled devices spread, search is becoming more important for finding information online.
TNS Integrated Marketing - A Shift to Digitalklein_bui
The document discusses Vietnam's shift to digital media and advertising. It finds that while television remains the most consumed media, time spent online has significantly increased in recent years as internet and smartphone usage rises. The data shows Vietnamese digital consumers are highly engaged online and very open to brand interactions across different digital activities, suggesting opportunities for advertisers to connect with consumers through integrated digital campaigns.
New Media Strategy for IFFCO-Tokio- Supporting documentsahilchopra1987
This document provides an industry analysis of the Indian non-life insurance sector. It discusses the liberalization of the industry that began in 2000 which allowed private companies to enter the market. Since then, the industry has grown significantly in terms of business and new policies, though penetration rates remain lower than other countries. The report also analyzes trends in the industry including strong premium growth rates in recent years and the detariffing of rates.
Beyond Agriculture: A Greater Role for Urban Industrial Growth?essp2
1. The comparative evidence shows that agriculture-led growth strategies have rarely succeeded on their own and usually require strong urban demand or high agricultural prices to drive productivity gains. In Ethiopia, these conditions are currently lacking.
2. For agriculture to drive growth in Ethiopia, it would need sustained high prices to incentivize productivity increases. However, the country's isolation makes prices volatile and difficult to stabilize. Agricultural growth alone also cannot generate sufficient urban income growth to continuously drive demand.
3. Agricultural productivity gains in Ethiopia face constraints including inadequate seed systems, underdeveloped input markets, low returns from fertilizer use without improved seeds, and limitations of the input credit system. Faster urban-led growth is now needed
1) Foreign aid plays an important role in Pakistan's economy, accounting for a significant portion of capital inflows and government revenues. However, aid levels have declined sharply in recent years.
2) Pakistan faces major security challenges from conflicts in neighboring Afghanistan that have imposed huge economic costs on Pakistan in the form of damaged infrastructure and disrupted economic activity.
3) Effective use of foreign aid could help Pakistan address both its economic and security issues by funding development priorities like power, transportation and education, which also have indirect security benefits by promoting stability and counteracting extremism. However, reforms are needed to improve aid effectiveness.
The document summarizes Pakistan's economic growth and investment over the past year. It states that Pakistan's economy grew by an estimated 4.1% in 2009-10, a turnaround from the previous year's growth of 1.2%. However, the recovery remains fragile as not all sectors and regions have benefited equally from the modest upturn. Unemployment also increased moderately. Stronger growth will require resolving long-standing structural issues around resource mobilization and productivity.
Presentaion on Megatrends for the Future by Oilver Riebartsch during the 6th International Benchmarking Conference organized by Dubai Quality Group from 6-7 March 2012 at Al Bustan Rotana Dubai
Malaysia is looking to grow its derivatives market and become more integrated in the global financial system. The derivatives market in Malaysia is centered around Bursa Malaysia Derivatives, which is a subsidiary of the Bursa Malaysia stock exchange. Activity and foreign participation in the Malaysian derivatives market has been increasing in recent years, supported by initiatives like partnerships with international exchanges and the introduction of new derivatives products. Bursa Malaysia Derivatives is working to further develop the market through initiatives aimed at attracting more investors and market participants.
Margaret McMillan
IFPRI BOOK LAUNCH
Structural Change, Fundamentals, and Growth: A Framework and Case Studies
Edited by Margaret McMillan, Dani Rodrik, and Claudia Sepúlveda
MAY 11, 2017 - 12:15 PM TO 01:45 PM EDT
The document provides information to attract investors to Colombia, including competitive tax incentives for investors in free trade zones and through legal stability contracts. Key sectors highlighted for investment opportunities include biofuels, cosmetics, IT services, tourism, and medical tourism. Colombia's GDP and exports have grown in recent years, while unemployment and inflation remain moderate. The government offers world-class services to support foreign investment.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
Communicating effectively and consistently with students can help them feel at ease during their learning experience and provide the instructor with a communication trail to track the course's progress. This workshop will take you through constructing an engaging course container to facilitate effective communication.
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
2. 1
Introduction
The tertiary sector of economy (also known as the service sector) is one of the three economic sectors, the
others being the secondary sector and the primary sector.
“Primary sector, as we all know, involves extraction such as mining, agriculture, fishing etc. Secondary
Sector involves manufacturing and the service sector of economy involves the provision of services to
businesses as well as final consumers.”
Increasing share of services in GDP
The contribution of the Service Sector to India’s GDP has increased very rapidly. The service sector now
accounts for more than half of India's GDP. The rise in the service sector's share in GDP marks a structural
shift in the Indian economy and world’s economy as well. The service sector has grown at a higher rate than
industrial sector which too has grown at a considerable rate. India ranks fifteenth in the services output and
it provides employment to around 28% of the total workforce in the country.
This is due to the fact that India has a large pool of highly skilled, low cost, and educated workers in the
country. This has made sure that the services that are available in the country are of the best quality. The
foreign companies seeing this have started outsourcing their work to India specially in the area of business
services which includes business process outsourcing and information technology services
Within the services sector (in India), the share of trade, hotels and restaurants increased from 12.52 per cent
in 1990-91 to 15.68 per cent in 1998-99. The share of transport, storage and communications has grown
from 5.26 per cent to 7.61 per cent in the years under reference. The share of construction has remained
nearly the same during the period while that of financing, insurance, real estate and business services has
risen from 10.22 per cent to 11.44 per cent.
Role of service sector
1. Increasing share in GDP: The share of service sector in GDP has increased not only in India but in
the world. Even the developing countries, like India, Sri Lanka, Pakistan, Bangladesh etc., are also
presenting appreciable figures regarding the contribution of service sector.
Table 1: Country Wise GDP Composition (2007 est.)
Country Agriculture Industry Services
United States 0.9% 20.5% 78.5%
Panama 6.6% 16.4% 77%
United Kingdom 0.9% 23.4% 75.7%
Japan 1.4% 26.5% 72%
Germany 0.8% 29% 70.1%
Sri Lanka 16.5 26.9% 56.5%
India 17.6% 29.4% 52.9%
Bangladesh 19% 28.7% 52.3%
Source : The World Factbook
3. 2
2. Providing employment: The service sector has been attracting a large mass of working population.
We can see an increase in the percentage of working population dependent on service sector every
year.
Table 2: Dependency of Working Population on Service Sector
Country I II
Year Working Year Working
population Population
(Service S.) (Service S.)
United Kingdom 1999 74% 2006 84.4%
Australia 1997 73% 2004 75.2%
China 1998 26% 2006 32%
India 1999 23% 2003 28%
Source: The world Factbook
3. Providing support to other sectors: Service sector indeed provides a base for the development of
agriculture and industries by providing a number of services such as:
i. Financial services
ii. Transport services
iii. Software and communication services and etc.
4. Contribution to exports: The United States leads the world as the premier producer and exporter of
services. As the largest component of the U.S. economy, the services sector includes all economic
activity other than agriculture, mining and manufacturing. In 1996, U.S. services exports exceeded
imports by $80 billion. Mexico is presently the largest emerging market for service exports.
Table 3: Share of Service Sector in Total Exports of the Respective Countries
Country 1995 2007
Ireland 10.1% 40%
United Kingdom 24.5% 37.5%
India 17.8% 36.7%
United States 27% 29%
Japan 13.2% 17%
Source: World Bank
4. 3
Key Service Sector Drivers
There has been a fundamental shift in the world's economy over the past 25 years for most developed
economies and multinational firms. While economic well-being will always be closely linked to the efficient
production, consumption and trade in goods, it is also increasingly being determined by the productivity,
application, and utilization of information, as well as less tangible services - either throughout the industrial
process, or as a separate activity.
In the global trade, many of the industries in which the United States maintains a strong competitive lead are
accompanied by sophisticated sales support. The following sectors have grown most rapidly from
technology development and have particularly high export potential:
1. Travel and Tourism: The traveling industry is one of the fastest rising tertiary industries in the
world. The world’s largest destination region with a share of over 50% of all international tourist
arrivals, Europe is growing above average and totalled 480 million tourists in 2007. In 2002-03,
foreign tourism into India grew by a mere 5.6%. However, in the subsequent two years, the
segment’s revenue inflow moved up steeply by 25% and 22%
The World Tourism Organization recognizes ten countries as the most visited in 2006 by number of
travellers. Most are on the European continent
Table 4: World Tourism Ranking (2006)
Rank Country Continent No. of Travellers
1 France Europe 79.1 million
2 Spain Europe 58.5 million
3 USA North America 51.1 million
4 China Asia 49.6 million
5 Italy Europe 41.1 million
6 UK Europe 30.1 million
7 Germany Europe 23.6 million
8 Mexico North America 21.4 million
9 Austria Europe 20.3 million
10 Russia Europe 20.2 million
Source: World Tourism Organization
“India is projected to have the second fastest growing tourism sector of any country in the world
over the next 10 years,’’ said Rodrigo de Rato, managing director of the IMF during a speech in
March 2005.
2. Software and ITES (Information Technology Enabled Services): The ITES-BPO industry in India is
a relatively young and nascent sector, barely over five years old in this business segment . Apex
industry body NASSCOM expects that by 2009, India’s IT and ITES exports will have crossed $ 50
billion.
5. 4
3. EPO (Education Process Outsourcing): The US is expected to be the biggest consumer of EPO. One
of the main election planks of US President, George Bush was the No-Child-Left-Behind plan. The
US Administration has started outsourcing of education services to private entities within the US. As
these US entities are hard pressed to generate resources, there could be a massive drift to outsourcing
outside the US.
Management training, technical training, and English language training are areas where U.S.
expertise remains unchallenged. The export market for this training is almost limitless,
encompassing most industry sectors, both products and services.
4. Entertainment: U.S. filmed entertainment and recorded music have been very successful in
appealing to foreign audiences. U.S. film companies license and sell rights to exhibit film in movie
theaters, on television, and on videocassette. U.S. music has been successful in both English-
speaking and non-English-speaking countries
Table 5: List of Worldwide Highest-Grossing Movies
Rank Movie Name World Wide Gross Year
1 Titanic $1,848,813,795 1997
2 The Lord of the Rings $1,119,263,306 2003
3 Pirates of the Caribbean $1,066,179,725 2006
4 The Dark Knight $980,310,263 2008
5 Harry Potter and the Sorcerer’s Stone $979,444,613 2004
6 Pirates of the Caribbean $960,996,492 2007
7 Harry Potter and the Order of Phoenix $938,468,864 2007
Source: Wikipedia (encyclopedia)
5. Banking, Finance and Insurance: U.S. financial institutions are very competitive internationally,
particularly when offering account management, credit card operations, and collection management.
U.S. insurers offer valuable services ranging from underwriting and risk evaluation to insurance
operations and management contracts in the international marketplace
Table 6: Ten Largest Banks in the World in Terms of Market Capitalization Size (2008)
Source: Boomberg
5 Rank Name of the Banks Country
1 Industrial & Commercial Bank of China
China, ICBC
Lehman Brothers Bank Collapse Bank of America
2 US
The collapse of Lehman Brothers has triggered turmoil in global financial markets, but its affects
3 HSBC Holdings UK
go much wider. It was the fourth-largest Construction
4 China investment bank in the United States. The share prices are
China
“slumping” around the world
5 Bank of China China
6 JP Morgan Chase US
7 Citigroup US 6. BPO
8 Wells Fargo US (Business
9 Banco Santander Spain Process
10 Mitsubishi UFJ Financial, MUFG Japan
Outsourcing): A study reports that call centers are most sought after places for young, fresh
6. graduates and undergraduates as it provides them attractive perks (despite low level of qualification),
transport facility, meals and refreshments and good environment.
The fact that the high skilled, English speaking population in India is growing day by day and are
available at low cost, means that India has become a hub of outsourcing activities for some of the
major economies of the world including the United Kingdom and the United States. Outsourcing to
India has been primarily in the areas of technical support and customer services.
Table 7: Top Ten Global Outsourcing Companies (2008)
Rank Company
1 Accenture
2 IBM
3 Infosys Technologies
4 Sodexo
5 Capgemini
6 Tata Consultancy Services
7 Wipro Technologies
8 Hewlett-Packard (HP)
9 Genpact
10 HCL- Technologies
Conclusion
The problems in service sector are relatively lower as compared to agriculture and manufacturing
sectors because service sector can generate higher income with lesser capital.
With the proposed opening up of Service Sector, competition will be stiffer. Every year it is
absorbing a huge mass of people. And so it has higher Employment Generation Potential
.