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Essay On Service Industry

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Chapter:1 Introduction About Service Industry Service industry is a firm of industry which provide intangible service In the present scenario. service industries plays an important role in contributing to the global output and employment. service industry is also called as tertiary industry which works for the customer but does not involves in the production function. Service is the vast and gradually increasing sectors in the world economy these industries will not produce the goods but satisfies the customers providing services. The main purpose of the service industries is that satisfy the customer needs and wants as well as business. Services are becoming helpful for the development of the country. In the recent trend service sector developing vastly and the contribution of service industries in the GDP is higher than the …show more content…

Service industry helps in the growing rate of India’s GDP. According to the India’s service sector contribute about 61% to gross domestic product, groeing strongly at approximately 10% annul in 2015-2016, a report launched second Global Exhibition on services. The services sector is the main source to India’s GDP, but has also attracted significant foreign investment flows, contributed significantly to exports as well as provided large-scale employment opportunities. India’s services sector covers a wide variety of activities such as Health care, trade hospitality, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction etc. 1.

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