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On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interestingperspectiveon the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the leastvolatilesector. Growth is particularly marked in public services, IT and financial services.In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasnt followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which still recovering from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.According to the author, which of the following can be said about the growth of service sector in India?a)India is essentially an agrarian economy and is not yet ready to shift focus from agriculture sector to service sectorb)The expansion of service sector in India was seen mainly because of the growth in the agricultural sectorc)Indian economy cannot run only on the basis of service sector i.e. without further development in the agriculture and the industrial sectord)The growth of service sector in India is facilitated by the improvement in technologye)It will take the service sector at least around two decades before it can overtake the agriculture and industry sectorCorrect answer is option 'D'. Can you explain this answer? for EmSAT Achieve 2025 is part of EmSAT Achieve preparation. The Question and answers have been prepared according to the EmSAT Achieve exam syllabus. Information about On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interestingperspectiveon the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the leastvolatilesector. Growth is particularly marked in public services, IT and financial services.In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasnt followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which still recovering from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.According to the author, which of the following can be said about the growth of service sector in India?a)India is essentially an agrarian economy and is not yet ready to shift focus from agriculture sector to service sectorb)The expansion of service sector in India was seen mainly because of the growth in the agricultural sectorc)Indian economy cannot run only on the basis of service sector i.e. without further development in the agriculture and the industrial sectord)The growth of service sector in India is facilitated by the improvement in technologye)It will take the service sector at least around two decades before it can overtake the agriculture and industry sectorCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for EmSAT Achieve 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interestingperspectiveon the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the leastvolatilesector. Growth is particularly marked in public services, IT and financial services.In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasnt followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which still recovering from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.According to the author, which of the following can be said about the growth of service sector in India?a)India is essentially an agrarian economy and is not yet ready to shift focus from agriculture sector to service sectorb)The expansion of service sector in India was seen mainly because of the growth in the agricultural sectorc)Indian economy cannot run only on the basis of service sector i.e. without further development in the agriculture and the industrial sectord)The growth of service sector in India is facilitated by the improvement in technologye)It will take the service sector at least around two decades before it can overtake the agriculture and industry sectorCorrect answer is option 'D'. Can you explain this answer?.

Solutions for On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interestingperspectiveon the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the leastvolatilesector. Growth is particularly marked in public services, IT and financial services.In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasnt followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which still recovering from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.According to the author, which of the following can be said about the growth of service sector in India?a)India is essentially an agrarian economy and is not yet ready to shift focus from agriculture sector to service sectorb)The expansion of service sector in India was seen mainly because of the growth in the agricultural sectorc)Indian economy cannot run only on the basis of service sector i.e. without further development in the agriculture and the industrial sectord)The growth of service sector in India is facilitated by the improvement in technologye)It will take the service sector at least around two decades before it can overtake the agriculture and industry sectorCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for EmSAT Achieve. Download more important topics, notes, lectures and mock test series for EmSAT Achieve Exam by signing up for free.

Here you can find the meaning of On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interestingperspectiveon the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the leastvolatilesector. Growth is particularly marked in public services, IT and financial services.In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasnt followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which still recovering from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.According to the author, which of the following can be said about the growth of service sector in India?a)India is essentially an agrarian economy and is not yet ready to shift focus from agriculture sector to service sectorb)The expansion of service sector in India was seen mainly because of the growth in the agricultural sectorc)Indian economy cannot run only on the basis of service sector i.e. without further development in the agriculture and the industrial sectord)The growth of service sector in India is facilitated by the improvement in technologye)It will take the service sector at least around two decades before it can overtake the agriculture and industry sectorCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interestingperspectiveon the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the leastvolatilesector. Growth is particularly marked in public services, IT and financial services.In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasnt followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which still recovering from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.According to the author, which of the following can be said about the growth of service sector in India?a)India is essentially an agrarian economy and is not yet ready to shift focus from agriculture sector to service sectorb)The expansion of service sector in India was seen mainly because of the growth in the agricultural sectorc)Indian economy cannot run only on the basis of service sector i.e. without further development in the agriculture and the industrial sectord)The growth of service sector in India is facilitated by the improvement in technologye)It will take the service sector at least around two decades before it can overtake the agriculture and industry sectorCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interestingperspectiveon the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the leastvolatilesector. Growth is particularly marked in public services, IT and financial services.In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasnt followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which still recovering from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.According to the author, which of the following can be said about the growth of service sector in India?a)India is essentially an agrarian economy and is not yet ready to shift focus from agriculture sector to service sectorb)The expansion of service sector in India was seen mainly because of the growth in the agricultural sectorc)Indian economy cannot run only on the basis of service sector i.e. without further development in the agriculture and the industrial sectord)The growth of service sector in India is facilitated by the improvement in technologye)It will take the service sector at least around two decades before it can overtake the agriculture and industry sectorCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interestingperspectiveon the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the leastvolatilesector. Growth is particularly marked in public services, IT and financial services.In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasnt followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which still recovering from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.According to the author, which of the following can be said about the growth of service sector in India?a)India is essentially an agrarian economy and is not yet ready to shift focus from agriculture sector to service sectorb)The expansion of service sector in India was seen mainly because of the growth in the agricultural sectorc)Indian economy cannot run only on the basis of service sector i.e. without further development in the agriculture and the industrial sectord)The growth of service sector in India is facilitated by the improvement in technologye)It will take the service sector at least around two decades before it can overtake the agriculture and industry sectorCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interestingperspectiveon the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the leastvolatilesector. Growth is particularly marked in public services, IT and financial services.In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasnt followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which still recovering from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.According to the author, which of the following can be said about the growth of service sector in India?a)India is essentially an agrarian economy and is not yet ready to shift focus from agriculture sector to service sectorb)The expansion of service sector in India was seen mainly because of the growth in the agricultural sectorc)Indian economy cannot run only on the basis of service sector i.e. without further development in the agriculture and the industrial sectord)The growth of service sector in India is facilitated by the improvement in technologye)It will take the service sector at least around two decades before it can overtake the agriculture and industry sectorCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice EmSAT Achieve tests.