Volume : V, Issue : I, January - 2015

Foreign Direct Investment In Service Sector & Economic Development

Dr. Pallavi. S. Kusugal, Dr. Nagaraja. S

Abstract :

The services sector with an around 57 % contribution to the gross domestic product (GDP), has made rapid growth in the last few years and emerged as the largest and fastest–growing sector of the economy. The growth of the services sector is closely linked to FDI inflows into this sector and the role of transnational firms. In the context of FDI, the uncertainty in classifying the different activities under the services sector continues. However, the combined FDI share of financial and non–financial services, construction development, tele–communications, computer hardware and software, and hotels and tourism can be taken as a rough estimate of the FDI share of services, though it could include some non–service elements. The Service sector has been witnessed most growing sector and most attracting by FDI. This shows that FDI in service sector improves the Economy. Hence, here this paper has been made an attempt to study the FDI in Service sector and Economic Development of India.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr.Pallavi. S. Kusugal,Dr. Nagaraja.S Foreign Direct Investment In Service Sector &Economic Development Indian Journal of Applied Research, Vol.5, Issue : 1 January 2015

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