Business services refer to services rendered to business category customers and include employment services, telecommunications, information technology, transportation, education and training, travel and tourism, consultancy, real estate, financial services, legal services and so on. Helped by the r... View more
Business services refer to services rendered to business category customers and include employment services, telecommunications, information technology, transportation, education and training, travel and tourism, consultancy, real estate, financial services, legal services and so on. Helped by the rising income levels and the economic growth of the country, business services have contributed significantly to its gross domestic product (GDP). The entire sector has been further boosted by the rise in export-import activities and growth of trading, post the economic liberialisation of the 1990’s. This has, in turn, led to significant foreign direct investment (FDI) into the sector.
The availability of cheap labour and a healthy competitive environment have also contributed towards the growth of business services within the country. However, the recent worldwide economic recession has negatively impacted the business services sector to some extent. For instance, certain industries such as travel and tourism, employment services and real estate have witnessed a slowdown. Hide this
The structure of the event management market in India is slowly changing from an unorganized framework towards an organized market. The market for event management in India is expected to witness growth of 25% p.a. and reach INR 23 bn by 2012. Event ....
Updating and analysing the Indian economy, policy and emerging trends for you every week. This week we focus on foreign direct investments into India, that are muted for April 2014, though the SEBI has proposed changes to existing regulations to enco....
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Updating and analysing the Indian economy, policy and emerging trends for you every week. This week we look at the Union Budget, its hits and its misses. While a number of important announcements around investments and infrastructure development have....
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