References (17)



Exploring Opportunities and Prospects in Indian Service Sector

Dr. Sanjeev Padashetty

Krishna Kishore

Acharya Bangalore Business School

April 26, 2011

'Challenges and Opportunities in Service Sector', Conference, MS Ramaiah Institute of Technology, Visveswaraya Technological University, 2011

The economic cycles are complex in nature but they do play an important role in explaining the process of development in a region. If an event occurs, some communities may benefit and some may lose their advantageous position and many times it may go even worse. Primary, secondary and tertiary sector are like instruments for a government that helps taking the economy to a new elevated level. To do this, a strategic vision and an attitude to learn from previous mistakes should be developed by the governments in different countries. The strategic vision includes planning; implementing policies and also the most important of all is monitoring them. Monitoring is very much necessary for getting the feedback and learning from mistakes also it helps to improvise the policies by making amendments. India though having an enormous potential is facing hurdles in escalating the growth rate.

Among many economists Baumol has already pointed out the need for reducing human resources flow into sectors that are not productive. Productivity is the main element of every sector through which final contribution to the economy, upliftment of the poor in a nation happen. If a sector doesn’t have faster product/service outputs per minute, it cannot generate enough profit margins to increase the personal income of the people. Then Baumol questions the very ability of these companies to lift the purchasing power of people when large numbers of people are employed by these sectors. On the macro view this will definitely withhold the economic growth less productivity in the business activities. This paper highlights the impact of Indian government policies on economy and suggests the possible steps to improve on the prevailing platform. An attempt of calculating indices has also been done to develop an index number for growth of service sector.

Number of Pages in PDF File: 11

Keywords: Keywords: Service sector, Government, economic, strategic vision

JEL Classification: E60, E61, E66, F41, F43, N15, N25

Open PDF in Browser Download This Paper

Date posted: April 27, 2011  

Suggested Citation

Padashetty, Dr. Sanjeev and Kishore, Krishna, Exploring Opportunities and Prospects in Indian Service Sector (April 26, 2011). 'Challenges and Opportunities in Service Sector', Conference, MS Ramaiah Institute of Technology, Visveswaraya Technological University, 2011. Available at SSRN: http://ssrn.com/abstract=1822945

Contact Information

Krishna Kishore (Contact Author)
Acharya Bangalore Business School ( email )
Off Magadi Road, Bangalore
Bangalore, Karnataka 560091
08023245517 (Phone)
No contact information is available for Dr. Sanjeev Padashetty
Feedback to SSRN

Paper statistics
Abstract Views: 1,279
Downloads: 208
Download Rank: 99,325
References:  17

© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.375 seconds