Vol. 3, Issue 11, Part G (2017)

Abstract
India as a developing economy has a potential source for services. The surge in the services industry is accredited to various economic developments namely liberalisation, industrialisation, booming employment, urbanisation, occupational change and the like. The growth of the service sector has attracted investment from the industrialists. Diversified opportunities available to service sector have led to economic growth. The sector has employed skilled labour, cost-effective modes, adaptation of information technology among others. The outsourcing has led to the earning of foreign revenues. The article sheds light on the performance and progress of the services sector in Indian economy.