Subject: Economics
Book: Comprehensive Indian Economy
The services sector dominates India’s GDP, fueled by IT/ITeS, financial services, hospitality, and emerging digital platforms. Outsourcing hubs in Bangalore and Hyderabad have put India on the global stage. However, jobless growth concerns persist, given limited employment absorption in high-skill segments. Government policies aim to expand tourism, improve e-governance, and develop knowledge services. For exam prep, analyze how robust service exports contribute to foreign exchange earnings and how technology can drive rural service delivery (telemedicine, e-learning). Also note challenges like data protection, intellectual property rights, and global competition from other IT destinations.
What does the term "depreciation" refer to in the context of assets?
View QuestionWhich term refers to an economy that has elements of both capitalism and socialism?
View QuestionWhat does “Laissez-faire” policy advocate?
View QuestionWhich of the following is considered a public good?
View QuestionWhat is the term for the ability of an economy to produce more output from the same inputs?
View QuestionWhich organization publishes the Human Development Index (HDI)?
View QuestionWhat is meant by “monetary policy”?
View QuestionWhat is the main feature of a free-market economy?
View QuestionWhat is meant by the term “current account deficit”?
View QuestionWhat is “currency devaluation”?
View Question