Impact Of Service Sector On Recession

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It is estimated that recession have very minimal impact on the service sector so the overall impact on India will be less than others. |COUNTRY |SERVICE SECTOR CONTRIBUTION ON GDP | |South Africa |66% | |Brazil |64% | |Kenya |58% | |Russia |57% | |Sri Lanka |58% | |Pakistan |53% | |Bangladesh |53% | |India |53% | So the India’s position is weaker in comparison to other countries...
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Even the global average of share of service sector is 67%. Mainly service sector consist of four major sub sectors that are IT, telecom and communication, transportation and real estate. IT SECTOR: There is difference between the estimates over contribution of IT industry towards service sector by NASSCOM and Central Statistical Organisation (CSO)...
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