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The rapid growth of the services sector in India is one of the most significant structural transformations in the post-liberalization Indian economy. Since the 1990s, services have emerged as the dominant contributor to GDP, overtaking agriculture and industry. Several interlinked factors account for this shift. One of the primary reasons for the services sector's growth is economic liberalization initiated in 1991. The dismantling of licensing regimes, reduction of trade barriers, and the opening up of the economy to foreign investment enabled the expansion of sectors such as IT, telecommunications, financial services, and business process _________ ______ _________ ____ _____ _________ ____ ___ __________ ________ __________.
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