3 Review(s)

India is projected to become third largest economy in the world by 2050. The service sector remained the key driving force of Indian economy and average growth of this sector at 8.6 per cent was higher than the average growth of 7.5 per cent during the last five years. Eventually service sector contributed above 50 per cent of GDP since 1997-98 and touched 57.6 per cent in 2004-05. Further India ranked 18th largest exporter of global service and touched export revenue of US$ 51,326 million line 2004-05.