WHY BUSINESS STRUGGLES ? LEAD THE MARKET WITH LEADERS OF MARKET STRATEGY     BUSINESS STRATEGY CONSULTING    MANAGEMENT STRATEGY CONSULTING    INDIA MARKET ENTRY CONSULTING    POLITICAL CONSULTING    FMCG    PHARMA    CONSUMER ELECTRONIC & DURABLE    LED LIGHTING    IMAGE BUILDING    ECOMMERCE & DIGITAL MARKETING    OTHERS

SERVICE INDUSTRY

consultant meaning,consultant jobs,consultants in delhi,consultant meaning in hindi,consultants in chandigarh,consultants in bangalore,consultants in mumbai,consultant job description,consultants in gurgaon,consultant corner,consultant in delhi,consultant in chandigarh,consultant physician,consultant in gurgaon,consultant salary,consultant agreement,consultant appointment letter,consultant accenture,consultant at capgemini,consultant accenture salary,consultant at deloitte,consultant appointment letter sample,consultant accenture salary india,consultant at infosys,consultant agreement india,a consultant's comeuppance,a consultant's resume,a consultant is best described as,a consultant is someone who,a consultant job description,consultant business,consultant business plan,consultant business card,consultant bill,consultant bangalore,consultant bill format,consultant bcg salary,consultant blog,consultant business card templates,consultant books,b consultants,consultants b g inc,consultant b contract,consultant b.g,consultants b factor,b mehtalia consultants pvt ltd,fb consultant,plan b consultants,a b consultants pvt ltd,b b consultants inc,consultant company,consultant client relationship,consultant capgemini salary,consultant companies in india,consultant career path,consultant cardiologist,consultant chandigarh,consultant charges,consultant certification,c consultants,consultants c.s.t. inc,consultants c.s.t,consultant c-tpat,consultant c b,oc c consultants,fp c consultants,c connect consultants pte ltd,cell c consultant number,c ramchandani consultants,consultant doctor,consultant deloitte salary,consultant definition,consultant designation,consultant deloitte salary india,consultant dermatologist,consultant delhi,consultant deloitte,consultant detective,consultant diabetologist,consultants d.o.o,ds consultants,l d consultant,ds consultants inc,rd consultant,d r consultants designers inc,k d consultants,h d consultants,pd consultants,dc consultants,consultant engineer,consultant ey,consultant ey salary,consultant erp,consultant engineer salary,consultant editor,consultant ey salary india,consultant ernst and young salary india,consultant electrical engineer,consultant employment agreement,e consultants inc,econsultant2,e-consultant srl,e consultant wb,world bank e consultant,e consultants ltd,e consultants online,consultant e learning,consultant eo insurance,consultant e y,consultant for canada,consultant for job,consultant for dubai,consultant for overseas jobs,consultant for abroad jobs,consultant fees,consultant for australia,consultant for dubai jobs in mumbai,consultant for canada jobs,consultant for dubai jobs in delhi,consultant fb,fme consultants south carolina,f me consultants,f b consultant singapore,r f consultant,f b consultant malaysia,fb consultant job description,f response consultant,fb consultant dubai,l f consultants,consultant gurgaon,consultant gynaecologist meaning,consultant geologist,consultant general surgeon jobs,consultant gyne vacancy,consultancy gulf jobs,consultant gynaecologist jobs in dubai,consultant gynaecologist,consultant gastroenterologist,consultant group,g consultants,g consultants chennai,consultants g.i.c. inc,consultants g.i.c,r g consultants,g power consultants,g gheewala consultant,g roch consultant,g k consultants ltd,ag consultants philippines,consultant hindi meaning,consultant hr,consultant hiring for american express gurgaon,consultant hiring for british telecom,consultant hiring for kpmg,consultant hotlist,consultant hss,consultant hourly rate,consultant hierarchy,consultant hierarchy in infosys,h consultants,h consultants ltd,h r consultant,hf h consultants,hs consultants register,hh consultants inc,ht consultants,h l consultants,h r consultants ltd tanzania,consultant in hindi,consultant in mumbai,consultant in bangalore,consultant in pune,consultant in ahmedabad,consultant in noida,consultant in chennai,i consultants management sdn bhd,i consultants of atlanta,i'm consultants hyderabad,i-consultants-uk limited,i.consultants inc,i consultant group,consultant i tele,consultant i t,consultant i salary,i quest consultants,consultant jobs in bangalore,consultant jobs in delhi,consultant jobs in chennai,consultant jobs in pune,consultant jobs in hyderabad,consultant jobs in india,consultant job profile,consultant jobs in gurgaon,j's consultants ltd,consultants j.z inc,j w consultants,jk consultants,j r consultants,j givoo consultants,j varghese consultants,j w consultants pune,j d consultants,m j consultants,consultant kpmg salary,consultant kpmg salary india,consultant kannada meaning,consultant kolkata,consultant kpmg,consultant kit,consultant kit jamberry,consultant karachi,consultant kaiser permanente salary,consultant key skills,k consultants,k consultant bangalore,k consultants santacruz,k consultants mumbai,k consultants delhi,k consultants bahrain,k consultants co ltd,consultant k loan,tenn-k consultants ltd,r k consultants,consultant logo,consultant letter,consultant list,consultant letter format,consultant list in delhi,consultant letter sample,consultant lucknow,consultant levels,consultant letter of appointment,consultant login oriflame,l consultants,consultant l'oreal,consultants ld hospital,consultants l.g.i. leeds,l'bri consultants,l bri consultants web page,l'bri consultants wi,lp consultant services,s l consultants ltd,consultant meaning in marathi,consultant meaning in tamil,consultant meaning in telugu,consultant microbiologist,consultant management system,consultant meaning in it companies,consultant meaning in english,consultant mudra solutions,m consultants,m consultants pune,m consultants llc,m consultants westerville ohio,consultant me,consultant me company in malaysia,consultant me malaysia,rm consultants,mr consultants corporation,m e consultants london,consultant number,consultant neurosurgeon,consultant name list,consultant names,consultant neurosurgeon indore madhya pradesh,consultant name ideas,consultant number for job,consultant network,consultant nephrologist jobs india,consultant number oriflame,n consultants,n k consultants,m n consultants,z n consultants,n t consultants,n r consultants,m n consultants pvt ltd,friends n consultants,c n consultants,n s consultants ltd,consultant office,consultant offer letter,consultant obstetrician,consultant office in mumbai,consultant offer letter template,consultant optometrist,consultant online,consultant or consultants,consultant offer letter format,consultant openings,io consultants,o'kane consultants,o day consultants,o kane consultants perth,o'kane consultants inc,o kane consultants pty ltd,o'hanrahan consultants inc,o kane consultants calgary,o'day consultants inc,i+o consultants singapore,consultant profile,consultant psychiatrist,consultant physiotherapist,consultant psychologist,consultant pwc,consultant pediatrician,consultant pwc salary,consultant profile sample,consultant pune,p consultants,p consultants pvt ltd,consultant p.a.t,consultant p g,consultant pl,pt consultants pte ltd,p-mech consultant pvt.ltd,p mech consultant,3 p consultants,p i consultants hebden bridge,consultant quotes,consultant qualities,consultant qualifications,consultant quote template,consultant quantity surveyor,consultant questions,consultant qs vs contractor qs,consultant quantity surveyor job description,consultant questionnaire,consultant quality assurance,q consultants,q consultants international,q consultants llc,q consultants ltd,q consultants shanghai,q design consultants,q safety consultants,qsafe consultants,delta q consultants,q ultima consultants,consultant review magazine,consultant resume,consultant radiologist,consultant resume sample,consultant role,consultant rheumatologist,consultant registration,consultant responsibilities,consultant room,consultant requirements,r consultants pvt ltd,r consultants netherlands,consultant rd,consultants r us,consultants r us kochi,consultants r us inc,consultant synonym,consultant salary in tcs,consultant salary in india,consultant services,consultant salary deloitte,consultant surgeon,consultant salary in infosys,consultant skills,consultant salary deloitte india,s consultants,s consultants raipur,consultants s.m,consultants s p i inc,consultant s.b,consultant s corp or llc,consultant s.c,consultants s.p.i,h s consultants,consultant tax,consultant trainer,consultant tcs salary,consultant tax deductions,consultant training,consultant tax benefits,consultant types,consultant trainee job description,consultant thesaurus,consultant tax calculator india,t consultants ltd,consultant t shirt,consultant tcs,consultants t.a.g,pt consultants,t r consultants ltd,bct consultants,e t consultant,i.t consultant salary,consultant urologist,consultant uk,consultant ubam,consultant urological surgeon,consultant usa,consultant uk salary,consultant united nations,consultant utilization rate,consultant urologist salary,consultant uae,u-consultant international pte. ltd,u consultant international,u-consultant,u consultant international singapore,u-tech consultants engineers (pvt) ltd,u a consultants dubai,u-tech consultant sdn bhd,u worth consultancy laxmi nagar,pro u consultant,u plus consultant,consultant vs developer,consultant vs employee,consultant vs analyst,consultant visiting card,consultant vs manager,consultant vs employee india,consultant vacancies,consultant vs project manager,consultant vs associate consultant,consultant vs advisor,v consultants,v consultants ghatkopar,v consultant enterprise,v consultants pvt ltd,v consultants delhi,v consultants financial services,employee or consultant,consultant v contractor,doctor or consultant,registrar or consultant,consultant website,consultant work,consultant who provide job in abroad,consultant wiki,consultant wordpress theme,consultant website template,consultant world bank,consultant wife,consultant website examples,consultant wordpress theme free download,w consultants,w consultants cc,consultants w2 1099 or corp-to-corp,consultant w 9,w2 consultant,consultant (w/m) personal e-learning,w b consultants,cw consultants,consultant x40,consultant.xls,xerox consultant company inc,xero consultant,xpert consultant,xbrl consultant,xpert consultant engineering,xamarin consultant,xml consultant,xbrl consultant salary,x consultants,x ray consultants,x axis consultants,x-ray consultants inc,x ray consultants south bend,x-techno consultant llc,x-ray consultants mishawaka,x walk consultants,x ses consultants,x-it consultants ltd,consultant yearly salary,consultant youtube,consultant yves lanctot inc,consultant yves lanctot,younique consultant,younique consultant reviews,yardi consultant,younique consultant locator,yiah consultant login,yiah consultant,y consultants,y axis consultants,y axis consultant contact no,y-axis consultants review,y axis consultants bangalore,ey consultant salary,e y consultant,y axis consultants hyderabad,y-axis consultant feedback,ey consultant salary india,consultant zs associates salary,consultant zorg,consultant zone countrywide,consult zee,consult zee sheffield,consultant zurich,consultant zs associates,consultant zurich salary,consultant zagreb,consultant zul mirza,z consultants,z group consultants,tz consultants ltd,z group consultants llc,z arif consultant brunei,z engineer consultants private limited,z jobs consultant,z-arif consultant,t.z.consultants,consultant 06,3g immo consultant 02,climate consultant 04,3g immo consultant 04,ml consultant 06,consultant en recrutement 06,02 consultant,five-0 consultants,consultant 1099,consultant 101,consultant 13th month pay,consultant 1099 vs w2,consultant 1099 form,consultant 1 salary,consultant 17025,consulting 101 training,consultant 1099 agreement,consultant 10 tax,1 consultant pa,consultant 1,tier 1 consultants,source 1 consultants,tier 1 consultants south africa,square 1 consultants,class 1 consultants,tier 1 consultants contact details,roof 1 consultants,consultant 2003 contract,consultants 2 go,consultant 2013,consultant 2 salary,consultant 2011,consultant 203k loan,consultant 2000,consultant 20 week scan,203k consultant,203k consultant fees,2 consultants,consultants 2 go glassdoor,consultants 2 go llc,consultants 2 go linkedin,consultants 2 go salary,consultants 2 go sandi webster,consultants 2 go reviews,consultant 2 ey,consultant 360,consultant 360.com/photoquiz,consultant 31,consultant 360 impact factor,consultant 360 app,consultant 360.com/subscribe,consultant 360 pediatrics,consultant 3 oriflame,consultant 3 unisys,consultant 3d,3 consultants,consultant 3-4-5,chicago 3 consultants,plus 3 consultants,ng 3 consultants pte ltd,3 happy consultants,chicago 3 consultants review,consultant 4 hour plan,consultant 4 in unisys,consultant 4 less,consultant 401k,consultant 4s,consultant 4g,4c consulting,401k consultant salary,401k consultant jobs,4front consulting,4 consultants,4 consultants resign,consultants 4 change,consultants 4 housing,consultants 4 less,consultants 4 construction innovation,cars 4 consultants,big 4 consultants,consultant 5s,consultant 5s malaysia,consultant 5 years experience salary,consultant 50,510 k consultant,501c3 consultant,529 consultant,5m consultants,535 consultant company limited,5g consultant,5 consultants resign,5 star consultants,core 5 consultants,top 5 consultants in delhi ncr,big 5 consultants,platform 5 consultants,top 5 consultants in bangalore,level 5 consultant rodan and fields,5 chime consultants,consultant 6 oriflame,6 consultant place durham nc,67j consultant,climate consultant 6.0,consultant lean 6 sigma,recruitment consultant 6 month plan,training consultant 66,climate consultant 64 bit,climate consultant 6 download,sleep consultant 6 month old,6 pi consultants,6 degrees consulting,6 degrees consultant dubai,6 sigma consultants,9 6 consultants bangalore,6 dof consultants,big 6 consulting,zero 6 consulting,6 degreez consultants raipur,consultant 7 day working,consultant 7 day working week,7savor consultant,7 seas consultant,70h consultant,7oves consultants,777 consultant jalandhar,70c consultant,70d consultant,7 lights consultant,studio 7 consultants,7 seas consultants,no 7 consultant jobs,7 seas consultants mumbai,studio 7 consultants chennai,7 day consultant present care,7 star consultants,no 7 consultant salary,consultant 80/20 rule,8a consultant,8ta consultant number,8ta consultant,8020 consulting,8.2 consultant,scentsy consultant 800 number,nurse consultant 8c,lactation consultant 85050,siebel 8 consultant certified expert,tower 8 consultants,siebel 8 consultant exam,siebel 8 consultant exam dumps,siebel 8 consultant exam questions,11-8 consultants limited,studio 8 consultants,middle 8 consultants,six 8 consultants,section 8 consultant,consultant 9gag,consultant 99,99 consultant ranchi,971 consultant,9001 consultant,911 consultant,9to6 consultants,9up consulting,9 consultant skills,consultant iso 9001,eagle 9 consultants,k-9 consultants,cloud 9 consultants,quantum 9 consultants,9 visa consultant ahmedabad,epicor 9 consultant,level 9 consultant accenture,w 9 consultant,1099 consultant definition,1099 consultant tax rate,1099 contract vs employee,top 10 consultants in chennai,top 10 consultants in delhi,top 10 consultants in india,top 10 consultants in bangalore,top 10 consultants in bhopal,top 10 consultants in delhi ncr,top 10 consultants in mumbai,top 10 consultants in kolkata,top 10 consultants in hyderabad,http://theconsultants.net.in

India,the house of 1.2 billion consumer,probably the world’s one of largest market.These huge numbers of consumers requires different kind of services on day to day basis.This figure in itself is sufficient to show potentials available in service sector.Other than this the majority of population is young and is migrated for employment.These are the major contributor for service sector industry. Changing lifestyle is also an important factor for grooming of service sectors.

The Indian services sector with an around 57 per cent contribution to the gross domestic product (GDP), has made rapid strides in the last few years and emerged as the largest and fastest-growing sector of the economy. Besides being the dominant sector in India’s GDP, it has also contributed substantially to foreign investment flows, exports, and employment. India’s services sector covers a wide variety of activities that have different features and dimensions. They include trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, & business services, community, social and personal services and services associated with construction,bpo,kpo,tourism,education,medical,healthcare etc etc. Services in India are emerging as a prominent sector in terms of contribution to national and states’ incomes, trade flows, foreign direct investment (FDI) inflows, and employment.

The compound annual growth rate (CAGR) of services sector GDP was 8.5 per cent for the period 2000-01 to 2013-14.

As per the survey, in India, the growth of services-sector gross domestic product (GDP) has been higher than that of overall GDP between the FY01- FY14. Services constitute a major portion of India’s GDP with a 57 per cent share in GDP at factor cost (at current prices) in 2013-14, an increase of 6 per cent points over 2000-01.

The shift from primary and secondary activities to tertiary activities by the citizens of a country indicates that it is on the path of progress. The growth in the services sector can be attributed mostly to the emergence of the Indian Information Technology (IT) and IT enabled Services (ITeS) sectors as well as e-commerce.

Market Size

The services sector in India comprises a wide range of activities such as transportation, logistics, financial, business process outsourcing services, healthcare, trading, and consultancies, among many others.

The HSBC India Services PMI stood at 51.1 in November 2014 – a reading above 50 signals expansion.

According to the data provided by International Data Corporation (IDC), the total mobile services market revenue in India is expected to touch US$ 37 billion in 2017 growing at a compound annual growth rate (CAGR) of 5.2 percent.

The growth in the ITeS sector has resulted in increasing competition between the different brands in the e-commerce sector. As a result, it is expected that the e-commerce sector will generate close to 150,000 jobs within the next 2-3 years.

The logistics sector in India which was valued at US$ 101 billion in 2013 is expected to grow by 10 per cent per annum to reach US$ 136 billion by 2016, according to Mr R Dinesh, Chairman, CII Institute of Logistics Advisory Council and Joint Managing Director, TVS Sons Ltd.

Investments

The Indian services sector has attracted the highest amount of FDI equity inflows in the period April 2000-December 2014, amounting to about US$ 41,755.46 million which is about 18 per cent of the total foreign inflows, according to the Department of Industrial Policy and Promotion (DIPP).

Some of the developments and major investments by companies in the services sector in the recent past are as follows:

  • Zomato has acquired Cibando, one of Italy’s largest restaurant search services. With this acquisition, the company has a presence in 20 countries. Zomato further aims to widen its international presence by entering 15 more countries in 2015.
  • The private security services industry in India is expected to register a growth SERVICE SECTORof over 20 per cent over the next few years, doubling its market size to Rs 80,000 crore (US$ 12.94 billion) by 2020.
  • Snapdeal.com has acquired gifting recommendation technology platform Wishpicker.com. The acquisition will enable Snapdeal to further personalise user experience and drive conversions through intelligent recommendations.
  • The Government of India has awarded a contract worth Rs 1,370 crore (US$ 221.63 million) to Ricoh India Ltd and Telecommunications Consultants India Ltd (TCIL) to modernise 129,000 post offices through automation.
  • Global online food delivery marketplace Foodpanda has acquired TastyKhana in India. Now, Foodpanda will have a selection from over 2,500 restaurants in 10 cities.
  • Taxi service aggregator Ola plans to scale up operations to 100 cities from 19 currently. The company, which is looking at small towns for growth, also plans to invest in driver eco-system, such as training centres and technology upgrade.

Government Initiatives

Strong and consistent emphasis on self-reliance in its economic development programmes over the years by the Government of India has also enabled India to build up a big and versatile cadre of professionals. They now have expertise and skills across a vast and wide-ranging spectrum of disciplines, such health care, tourism, education, engineering, communications, transportation, information technology, banking, finance, management, among others.

The Government of India has adopted a few initiatives in the recent past. Some of these are as follows:

  • The Government of India plans to take mobile network by December 2016 to nearly 10 per cent of Indian villages that are still unconnected.
  • The Reserve Bank of India (RBI) has allowed third-party white label automated teller machines (ATM) to accept international cards, including international prepaid cards, and has also allowed white label ATMs to tie up with any commercial bank for cash supply.
  • The Government of India has launched tourist visa on arrival (TVoA) enabled by electronic travel authorisation (ETA) to 43 countries.
  • India and Japan held a Joint Working Group conference for Comprehensive Cooperation Framework for Information and Communication Technologies (ICT). India also offered Japan to manufacture ICT equipment in India.
  • Citizens of India is expected to get a minimum of 2 megabits per second (MBPS) Wi-Fi speed at every government owned service point such as railways stations, airports, bus stops, hospitals and all government departments that deal with the public on a daily basis.

Road Ahead

Services sector growth is governed by both domestic and global factors. The sector is expected to perform well in FY16. Some improvement in global growth and recovery in industrial growth will drive the services sector to grow 7.4 per cent in FY16 (FY15: 7.3 per cent). The performance of trade, hotels and restaurants, and transport, storage and communication sectors are expected to improve in FY16. Loss of growth momentum in commodity-producing sectors had adversely impacted transport and storage sectors over the past two years. The financing, insurance, real estate and business services sectors are also expected to continue their good run in FY16. The growth performance of the community, social and personal services sector is directly linked with government expenditure and we believe that the government will remain committed to fiscal consolidation in FY16.

service

Print Friendly
Share More-Put Cursor On Below Icons
FacebookTwitterGoogle+PinterestWhatsAppLinkedInTumblrStumbleUponEmailBlogger PostGoogle GmailBaiduVKAOL MailRedditAIMDeliciousShare

Comments

comments

Powered by Facebook Comments

Translate »