What are the factors responsible for rapid growth of service sector in India? Discuss the various types and constituents of service sector in India?

The major factors that led to the growth of service sectors in India are as follows;  

1. High demand for services as final product: India was a virgin market for service sector. So, when service sector started booming due to business outsourcing from the developed countries to India, there was very high demand for these services especially for banking, computer service, advertisement and communication. This high demand in turn led to a high growth rate of service sector.  

2. Liberalization and economic reforms: The growth of Indian service sector is also attributable to the liberalization and various economic reforms that were initiated in 1991. Due to these reforms, various restrictions on the movement of international finance were minimized. This led to huge inflow of foreign capital, foreign direct investments and outsourcing to India. This encouraged the service sector growth.  

3. Structural transformation: Indian economy is experiencing structural transformation that implies shift of economic dependence from primary to tertiary _____ ________ ______ _______ __________ __________ __________ ____ ________ _____ _______ _______.
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