p2prada
Senior Member
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- May 25, 2009
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What a load of tripe. We were growing at 7% last year simply because of our service industry. During the recession our agriculture was stagnant, industry was in red while it was our service industry which was holding us up.guy, are you really think that india's economy is post-industry serivce-based economy ,just because 50% of its eocnomy is service?
India's economy is a abnormal economy....or premature serivice-based economy . its service section occupy most share of its economy, not because its service section is very developed ,but because its industry section is too undeveloped.
More than 55% of our industry is service and it was barely affected by the recession.
Get your facts straight. The US economy breakup is as follows: Agriculture 1%, Industry 20%, Services 79%. So, does that mean the American service industry is abnormal and underdeveloped.
Our industry base is large. It's just that our service industry simply overshadows the industry in sheer volume and capability.
It is the Chinese economy which is abormal. Healthy agriculture, humongous industry but no service sector. This will ensure you will barely be able to weather any kind of fluctuations in the global market. We will provide value added goods to the world while you will simply be a very large factory for cheap goods.