Question

Over the past few years the rapidly expanding role of services in the total exports has transformed the growth of Indian economy.

29 Aug 2017
Answer :
Word Count : 305

The transformation of India's economy due to the rapidly expanding role of services in total exports has been a noteworthy development over the past few years. Historically, India's economy has been largely agrarian and then shifted towards manufacturing. However, in recent years, the services sector has emerged as a powerhouse, significantly contributing to the nation's economic growth.

One of the key factors driving this transformation is the globalization of services. With advancements in technology and communication, services such as information technology (IT), business process outsourcing (BPO), software development, and consulting have become highly exportable. Indian companies and professionals have capitalized on this trend by offering cost-effective and high-quality services to international clients. This

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