The evolution of the India’s service sector after economic reforms in 1991 has been instrumental in driving economic development, fostering innovation, and improving standards of living. Discuss.
Kartavya Desk Staff
Topic:Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
Topic:Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
4. The evolution of the India’s service sector after economic reforms in 1991 has been instrumental in driving economic development, fostering innovation, and improving standards of living. Discuss. (250 words)
Difficulty level: Easy
Reference: The Hindu , Insights on India
Why the question: A deep-dive research report from global investment banking major Goldman Sachs, evocatively titled ‘India’s rise as the emerging services factory of the world’, has captured India’s recent success in providing global services and sought to forecast growth prospects and risks in the medium term. Key Demand of the question: To write about the importance of service sector. Directive word: Discuss – This is an all-encompassing directive – you must debate on paper by going through the details of the issues concerned by examining each one of them. You must give reasons for both for and against arguments. Structure of the answer: Introduction: Start with brief background of the context of the question. Body: In the first part, explain that the service sector in India has played a critical role in helping it deal with the Covid-19 crisis. Had it not been for digital platforms, (hundreds were created overnight by both large and small Indian IT companies), school and college students would not have been able to attend classes and continue with their education. Next, write about how service sector is vital to India’s goal of five trillion-dollar economy. And measures needed in this regard to further leverage it. Conclusion: Conclude with a way forward
Why the question:
A deep-dive research report from global investment banking major Goldman Sachs, evocatively titled ‘India’s rise as the emerging services factory of the world’, has captured India’s recent success in providing global services and sought to forecast growth prospects and risks in the medium term.
Key Demand of the question:
To write about the importance of service sector.
Directive word:
Discuss – This is an all-encompassing directive – you must debate on paper by going through the details of the issues concerned by examining each one of them. You must give reasons for both for and against arguments.
Structure of the answer:
Introduction:
Start with brief background of the context of the question.
In the first part, explain that the service sector in India has played a critical role in helping it deal with the Covid-19 crisis. Had it not been for digital platforms, (hundreds were created overnight by both large and small Indian IT companies), school and college students would not have been able to attend classes and continue with their education.
Next, write about how service sector is vital to India’s goal of five trillion-dollar economy. And measures needed in this regard to further leverage it.
Conclusion:
Conclude with a way forward