An analysis of Performance of Service Sector in India

Abstract

Services sector is generally stated as “non-commodity sector”. The American Marketing Association defines service sector as, those separately identifiable, essential, intangible, essential, intangible activities, which provide want stratification and are not necessarily related to the sale of product or another activity. The International Standard Industrial Classification (ISIC) includes the following activities as service sector activities electricity , gas and water constructions, wholesale and retail trade, hotel and restaurant, transport , storage and warehousing, post and telecommunications, financial institution’s insurance, real estate, business services, machinery and equipment, rental and leasing, public administration and defense, sanitary and social services, social and related community services, including education, research and scientific institution, medical , professionals and labor association and the household services.