A Study On The Growth And Performance Of Service Sector In Kerala-With Special Refeernce To Kollam.

Think India ◽  
2019 ◽  
Vol 22 (2) ◽  
pp. 61-76
Author(s):  
Manu V
Keyword(s):  
Service Sector ◽  
National Accounts ◽  
Business Services ◽  
Services Sector ◽  
Reserve Bank ◽  
Wide Range ◽  
Personal Services ◽  
And Performance ◽  
Unorganized Sector

This study attempts to review, the growth and performance of service sector in Kerala. The service sector usually covers a wide range activities from the most sophisticated information technology (IT) to simple services provided by the unorganized sector like the services of the plumber, mason, barber etc. National Accounts classification of the services sector incorporates trade, hotels, and restaurants; transport, storage and communication, financing, insurance, real estate, and business services; and community, social and personal services. In World Trade Organization (WTO) and Reserve Bank of India (RBI) classification, construction is also included in services sector.

scholarly journals The Progress and Achievement of Top Five Services Sectors through the Foreign Direct Investments in India

2019 ◽  
Vol 8 (2S10) ◽  
pp. 187-194 ◽  
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Large Scale ◽  
Service Sector ◽  
Foreign Direct Investments ◽  
Business Services ◽  
Services Sector ◽  
Transfer Of Technology ◽  
Personal Services

Foreign Direct Investment (FDI) plays a very important role in the development of the nation. It is very much vital in the case of underdeveloped and developing countries. A typical characteristic of these developing and underdeveloped economies is the fact that these economies do not have the needed level of savings and income in order to meet the required level of investment needed to sustain the growth of the economy. In such cases, foreign direct investment plays an important role in bridging the gap between the available resources or funds and the required resources or funds. It plays an important role in the long-term development of a country not only as a source of capital, but also for enhancing competitiveness of the domestic economy through transfer of technology, strengthening infrastructure, raising productivity and generating new employment opportunities. In India, FDI is considered as a developmental tool, which helps in achieving self-reliance in various sectors and in the overall development of the economy. India after liberalizing and globalizing the economy to the outside world in 1991, there was a massive increase in the flow of foreign direct investment. The present paper attempts to analyze the significance of the FDI Inflows in Indian service sector since 1991 and relating the growth of service sector FDI in the generation of employment in terms of skilled and unskilled. The services sector is not only the dominant sector in India’s GDP, but has also attracted significant foreign investment flows, contributed significantly to exports as well as provided large-scale employment. India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.

scholarly journals River Channel Relocation: Problems and Prospects

Water ◽  
2018 ◽  
Vol 10 (10) ◽  
pp. 1360 ◽  
Author(s):  
Alissa Flatley ◽  
Ian Rutherfurd ◽  
Ross Hardie
Keyword(s):  
Ecological Impacts ◽  
Future Research ◽  
Erosion And Deposition ◽  
Channel Change ◽  
Specific Category ◽  
Wide Range ◽  
Key Issues ◽  
And Performance ◽  
Vegetation Loss

River relocation is the diversion of a river into an entirely new channel for part of their length (often called river diversions). Relocations have been common through history and have been carried out for a wide range of purposes, but most commonly to construct infrastructure and for mining. However, they have not been considered as a specific category of anthropogenic channel change. Relocated channels present a consistent set of physical and ecological challenges, often related to accelerated erosion and deposition. We present a new classification of river relocation, and present a series of case studies that highlight some of the key issues with river relocation construction and performance. Primary changes to the channel dimensions and materials, alongside changes to flow velocity or channel capacity, can lead to a consistent set of problems, and lead to further secondary and tertiary issues, such as heightened erosion or deposition, hanging tributaries, vegetation loss, water quality issues, and associated ecological impacts. Occasionally, relocated channels can suffer engineering failure, such as overtopping or complete channel collapse during floods. Older river relocation channels were constructed to minimise cost and carry large floods, and were straight and trapezoidal. In some countries, modern relocated channels represent an exciting new challenge in that they are now designed to replicate natural rivers, the success of which depends on understanding the characteristics, heterogeneity, and mechanisms at work within the natural channel. We discuss shortcomings in current practice for river relocation and highlight areas for future research for successful rehabilitation of relocated rivers.

Transformation of Employment Structures in Poland - Servitization of Economy

2013 ◽  
Vol 8 (2) ◽  
pp. 93-108
Author(s):  
Dorota Kotlorz ◽  
Anna Skórska
Keyword(s):  
Service Sector ◽  
Added Value ◽  
University Graduates ◽  
It Services ◽  
Business Services ◽  
Services Sector ◽  
Industrial Enterprises ◽  
Knowledge Based ◽  
Long Time ◽  
Polish Economy

Transformation of the Polish economy and the related process of reallocation of labour resources have been progressing since the beginning of the 1990s, but their growth is insufficient. The current level of development of the service sector does not constitute an adequate alternative to diminishing employment in the so-called declining heavy industries, which were dominant in the Polish economy for many years. Given that a more dynamic growth in the services sector can contribute to the labour market balancing alleviating the unemployment problem, not only by the absorption of people laid off from the restructuring industrial enterprises but also by providing new jobs for young people, it is necessary to increase consistently the share of modern section services in GDP and total employ-ment.Increasing employment and created added value in modern, knowledge-based services are consistent with the direction of changes observed in the developed countries.In Poland, the employment is steadily increasing in services related to real estate and businesses, financial and insurance services, particularly in IT services. The knowledge embodied in products and technologies and highly skilled labour resources determines the innovativeness of the economy, providing a source of growth and competitiveness. Therefore, the direction and pace of these changes are important.One of the possibilities of further service sector development in Poland is the offshoring of business services. The created BPO and KPO centres allow for the absorption of high-quality labour resources, including university graduates, whose numbers are increasing from year to year. This is even more important as in the long time span the sector development and created jobs will increasingly be based on the human factor and the skills possessed by employees rather than on lower labour costs compared with other locations. 

scholarly journals Significance of Retention Strategies in Business Services Sector

2019 ◽  
Vol 8 (4S3) ◽  
pp. 121-125
Keyword(s):  
Service Sector ◽  
Negative Impact ◽  
Business Service ◽  
Employee Morale ◽  
Transfer Of Knowledge ◽  
Financial Loss ◽  
Retention Strategies ◽  
Business Services ◽  
Services Sector ◽  
And Training

One of the chief concerns of Business Service Sector is retaining efficient employees. The recruiting team in an organization spends time on identifying candidates and training them, to equip them to be made suitable for the job. If the recruited staff quits without repaying for what he has gained, it results in a setback for the organization. Higher rates of employee’s turnover, which occurs due to increasing competition in labor market, forces the organization to start its work right from the scratch of hiring, training and fostering new entrants. In addition to the financial loss the organization faces due to employee turnover, there is fading employee morale, transfer of knowledge to competitors, and negative impact on the reputation of the organization. The organizations’ have therefore to adopt suitable retention strategies to retain efficient employees. Responses were elicited from employers working in various organizations in Business service sector to explore the need to adopt retention strategies, identify the retention strategies implemented by them, and to discover the importance given to retention strategies. Suitable statistical techniques such as SPSS 20.0 and AMOS have been implemented to derive at reliable conclusion.

scholarly journals Offshoring in Business Services Sector Over the Business Cycle: A Case of Growth of the International Cooperation

2011 ◽  
Vol 10 (1) ◽  
pp. 7-19 ◽  
Author(s):  
Eliza Chilimoniuk-Przeździecka
Keyword(s):  
Business Cycle ◽  
International Cooperation ◽  
Service Sector ◽  
Business Processes ◽  
Business Service ◽  
It Services ◽  
Business Services ◽  
Services Sector ◽  
Short Run ◽  
The Business Cycle

Offshoring in Business Services Sector Over the Business Cycle: A Case of Growth of the International Cooperation In this paper I analyze the role of business service offshoring in international cooperation over the recession. In business services - as described in Schumpeterian literature - external restructuring including resource and production relocation is more intensive during recession periods while intensive internal restructuring accompanies expansion periods. As external restructuring encompass business processes fragmentation and offshoring of services, I also argue - taking into account historical evidence - that current economic crisis would result in growing service offshoring in business service sector. I expect that many financial institutions would relocate part of their business processes abroad, where operating costs are lower, as they find that external restructuring via offshoring is the way to survive. This, in turn, will be the most possible result in growth of service offshoring projects located in CEE and Asia, as these two locations were the most attractive ones in recent years for service offshoring. The process is reflected by growth of FDI outflows from developed economies to CEE and Asia as well as growth of business and IT services trade between the mentioned economies. However, I also expect that in short run (one year perspective) we will experience tremendous decrease of FDI flows including investment in service offshoring, nevertheless the share of FDI flows related to service offshoring in total FDI flows will increase.

Service sector statistics in India: problems and way forward

2015 ◽  
Vol 12 (2) ◽  
pp. 148-154
Author(s):  
Seema Joshi
Keyword(s):  
Service Sector ◽  
Content Type ◽  
Services Sector ◽  
Secondary Sources ◽  
Indian Context ◽  
Service Areas ◽  
Rapid Pace ◽  
European Economies ◽  
Made In

Purpose – It has been observed in various studies that the “servicization” of the structures of production and employment has taken place in India. However, a problem peculiar to this sector or several types of services is that the output of some components of this sector is difficult to measure as well as to value it in monetary terms. The purpose of this paper is to identify the problems encountered in the measurement of service sector output. Design/methodology/approach – The paper makes use of secondary sources of data including various reports, books and journals, etc. An attempt has been made in this paper to review those studies which deal with measurement problems in services sector output. Findings – In the Indian context, it has been found that the data base on the service sector is highly disorganized. It has been recognized in studies that the limitation of the existing system is marred by the absence of a well-organized mechanism for maintaining a regular and proper database for this sector. A large number of the unorganized units are located in the service sector and the composition of units in the domain undergoes changes at a rapid pace because new units or newer service areas come into existence and others disappear with alarming frequency. Therefore, the need for “devising a proper classification of services” by identifying all new services and adopting a suitable methodology so as to maintain international comparability of data has been highlighted in various studies. Originality/value – Although there are studies which try to point out measurability problems of services in developed European economies, however, studies related to service sector statistics problems in India are far less in number. This paper will therefore mainly focus on the service sector statistics problems in India and point out the way forward.

scholarly journals SERVICE SECTOR: MYRIAD FACADES

2020 ◽  
Vol 8 (9) ◽  
pp. 806-810
Author(s):  
Priyanka Shah ◽  
Keyword(s):  
Public Sector ◽  
Service Sector ◽  
Corporate Sector ◽  
Services Sector ◽  
The Public ◽  
Business Transactions ◽  
Household Sector ◽  
Unorganized Sector

In this paper, we discuss the Services Sector of the economy, can be broadly grouped into three broad segments namely, the public sector, private corporate sector and the household sector. The first two are generally referred to as the organized part of the economy, as the accounts of all the business transactions of these sectors are recorded in specified documents and are made available as public documents at regular intervals. The remaining part of the economy, that is the household or unorganized sector, constitutes all unincorporated enterprises including all kinds of proprietorship and partnerships run by the individuals.

scholarly journals Economic Growth and Services Sector in Ibero-American Countries (1960-2010)

2019 ◽  
pp. 1-9
Author(s):  
José Angel Velázquez-Serna
Keyword(s):  
Economic Growth ◽  
Latin American ◽  
Service Sector ◽  
Great Influence ◽  
Business Services ◽  
Services Sector ◽  
Government Services ◽  
Positive Effects ◽  
General Terms ◽  
Economical Growth

The organizations of the service sector have been little studied; despite the fact that they have a great influence on the economic activity of the Latin American countries (in the labor force -mainly). The purpose of this research is to analyze growth in Ibero-American countries (1960-2010) through an econometric model of panel data by means of variables from the services sector. We want to test the hypothesis that the service variables have positive and statistically significant effects on the economical growth. The empirical evidence from the results obtained in this study suggests that two of the variables of the sector (business services and government services) have positive effects on economic growth in these countries. This is explained primarily by the growth of financial intermediation services (income and business activities) and secondly by the growth of government services (public administration and defense, education, health and social work). In general terms, in this study there is statistical evidence that supports the hypothesis of Ghani and Kharas, (2010), who proves that services cause growth in a globalized and technologically developed world. In this sense, Ghani, (2011), also affirms that services be a driver of sustained growth in organizations.

scholarly journals OECD Structural Analysis Databases: Sectoral Principles in the Study of Markets for Goods and Services

2015 ◽  
pp. 190-198
Author(s):  
M. D. Simonova
Keyword(s):  
International Trade ◽  
International Standards ◽  
Standard Industrial Classification ◽  
National Accounts ◽  
Economic Activities ◽  
Economic Sectors ◽  
Goods And Services ◽  
Business Statistics ◽  
Wide Range

This study focuses on the characteristics of the information database of the OECD structural business statistics in the analysis of markets of goods and services, and macroeconomic trends. The system of indicators of structural statistics is presented in OECD publications and on-line access to a wide range of users. Collected data sources generated by the OECD offices are based on the national statistical offices of country-members, Russia and the BRICS. Data on the development of economic sectors are calculated according to the methodology of individual countries, regional and international standards: annual national accounts of countries, annual industry and business surveys, methodology of short-term indicators, statistics of international trade in goods. Data are aggregated on the basis of complex indicators statements of the enterprises' questionnaire and business surveys. Information system of structural statistics which is available and continuously updated, has certain features. It is composed of several subsystems: Structural Statistics on Industry and Services, EU entrepreneurship statistics, Indicators of Industry and Services, International Trade in Commodities Statistics. The grouping of industries is based on the International standard industrial classification of all economic activities (ISIC). Classification of foreign trade flows is made in accordance with the Harmonized system of description and coding of goods. The structural statistics databases comprise four classes of industries' grouping according to the technology intensity. The paper discusses the main reasons for the non-comparability of data in the subsystems in certain time intervals.

Significance increase of services in world's economy

1997 ◽  
Vol 3 (1) ◽  
pp. 53-66
Author(s):  
Radmila Jovančević
Keyword(s):  
Quantitative Analysis ◽  
Hospitality Industry ◽  
Hotel Industry ◽  
The West ◽  
Business Services ◽  
Developed Economies ◽  
Service Companies ◽  
Personal Services ◽  
Comparative Advantages

The aim of this research is to present the changes which are happening in the second half of the 20th Century, in the matter of significance of service companies in developed economies. This paper starts with the classification of services accompanied by the statistics of OECD, which are: I- trade, hospitality industry and hotel industry, II- transport, storage and communication, III- finances, insurance, immovables and business services, IV- communal, social and personal services and V- administration services. The research results are presented through quantitative analysis, and they are pointing out the amount of potentials of services which Croatia has to applicate according to the intention to develop towards the West. The results of this countries, have to become the guiding light which will enable the Croatian economy to rise towards prosperity by putting into function its comparative advantages in functions of profit.

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