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This editorial is based on the news “Engineering graduates are steering the service industry” which was published in the Hindu. This article highlights the growing significance of the services sector in India’s economy and the demand for skilled human power.
Relevancy for Prelims: SERVICE SECTOR IN INDIA, India’s Economic Development, Indian Economy, India’s GDP Growth, Higher Education & The Skill Requirements, and India Skills Report 2024.
Relevancy for Mains: Service Sector In India- Contributions, Challenges and Way Forward. |
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By investing in the development of a skilled workforce tailored to the needs of the Indian service sector, India can position itself as a global leader in service innovation and delivery, driving prosperity and competitiveness in the services-driven economy of the future.
Prelims PYQ (2018):
Consider the following statements: Human capital formation as a concept is better explained in terms of a process which enables; 1. individuals of a country to accumulate more capital. 2. increasing the knowledge, skill levels and capacities of the people of the country. 3. accumulation of tangible wealth. 4. accumulation of intangible wealth. Which of the statements given above is/are correct? (a) 1 and 2 (b) 2 only (c) 2 and 4 (d) 1, 3 and 4 Ans: (c) |
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