Papers by Mr. Pavan R Manurkar
Review of Research, 2024
The economic combination of the GDP is dominated by
Service sector in most of the developed and ... more The economic combination of the GDP is dominated by
Service sector in most of the developed and developing countries.
The growth of service sector is essential to tackle the changing
need of the industry and increasing population. Technology has
lifted the service sector and growth rate of service sector is faster.
The scope of service sector is wide and expanding day by day.
Changing expectations of customers have changed the industries,
and service sector has major contribution and role in the same.
The coin has other side, if you observe European developed
countries like Greece, Switzerland etc. their economic problems
have originated due to excessive economic dependency on service sector.
India was an agrarian country and Maharashtra has great contribution to national development since
inception, still 58% of India and 53% population of Maharashtra depends on agriculture for their
livelihood whereas their contribution to the GDP is around 17% at national level and 11% at Maharashtra
State level. This indicates the changing trend. GDP contribution of Service sector is more but dependency of
population is more than half on agriculture. This will keep creating income disparity. Increased income
disparity will lead further economic problems as well. Service sector industries like banking, transport,
logistics, insurance, hotel and hospitality, aviation, entertainment, training, ITES, IT and computers, BPOs,
delivery services, medical services, educational services etc are essential but they can’t replace the food
requirements and production as well. Growth of service sector is essential but need and requirement
should be assessed before. The need of an hour is to test the future perspective of growth of service sector.
The paper tries to address the issue of service sector, and impact of its expansion in future with specific
reference to Maharashtra.
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Papers by Mr. Pavan R Manurkar
Service sector in most of the developed and developing countries.
The growth of service sector is essential to tackle the changing
need of the industry and increasing population. Technology has
lifted the service sector and growth rate of service sector is faster.
The scope of service sector is wide and expanding day by day.
Changing expectations of customers have changed the industries,
and service sector has major contribution and role in the same.
The coin has other side, if you observe European developed
countries like Greece, Switzerland etc. their economic problems
have originated due to excessive economic dependency on service sector.
India was an agrarian country and Maharashtra has great contribution to national development since
inception, still 58% of India and 53% population of Maharashtra depends on agriculture for their
livelihood whereas their contribution to the GDP is around 17% at national level and 11% at Maharashtra
State level. This indicates the changing trend. GDP contribution of Service sector is more but dependency of
population is more than half on agriculture. This will keep creating income disparity. Increased income
disparity will lead further economic problems as well. Service sector industries like banking, transport,
logistics, insurance, hotel and hospitality, aviation, entertainment, training, ITES, IT and computers, BPOs,
delivery services, medical services, educational services etc are essential but they can’t replace the food
requirements and production as well. Growth of service sector is essential but need and requirement
should be assessed before. The need of an hour is to test the future perspective of growth of service sector.
The paper tries to address the issue of service sector, and impact of its expansion in future with specific
reference to Maharashtra.