Service Sector Growth in India Boosts Economic Growth Through Open Policies
The service sector in India has been growing rapidly, potentially driving economic growth. Studies show a shift towards the service sector, supported by open policies. This shift has positively impacted India's economic growth, with services like communications, banking, and trade playing a key role. The growth in the service sector is influenced by factors like income demand and open policies. This suggests that the service sector is a significant contributor to India's economic growth, alongside agriculture and industry.