Essay On Indian Service Industry

Country Comparison: China and India Essay

2315 Words10 Pages

China is the second major economy in the world and most populated country in the world with well over 1.3 billion people. Simultaneously, India is the second most heavily populated country consisting of 1.1 billion people. Although 1.1 billion people constitute a large amount of purchasing power India continues to have the world’s highest concentration of poor people. In particular, India’s economy consist of agriculture, textiles, chemicals, food processing, steel, transport equipment, and software services (Just the facts, 2006). In this paper I will discuss and compare China and India’s economy, political, out shoring, social issues, educational system, government structure, and infrastructure.
China’s Economy and the Goods and…show more content…

India’s Economy and the Goods and Services it Provides
India’s economy consisted primary of agriculture. In particular, the most important cash crops are rice, tea, wheat, spices, coffee, and sugarcane. Additionally, India exports leather, computer software, textiles, and iron ore. India’s economy “encompasses traditional village agriculture, the use of modern technology in farming, heavy industries, and a multitude of support industries” (Paban, 2009). Similar to China, India’s economy has also been transformed by continual influences. However, transformation of India’s economy is a result from industrial development. According to Paban (2009), India has seen broad-based industrial development for the last five decades.” Specifically, economic development is vital to India’s economic growth because trade barriers have been lowered and import demands have increased. However, economic development is not changing India’s high concentration of poor people.
“Despite being one of the fastest growing economies in the world, India has one of the highest number of individuals living below the poverty line. Economic growth and investment is crippled by poor infrastructure and widespread corruption. One of the most daunting tasks for

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The Financial Service Sector Essay

1290 Words6 Pages

Introduction
Those organizations that deal in the management of money fall in the financial service sector. They deal in many different ways through institutions like banks, insurance company, debit cards, credit cards and tools like these that offer the customers power to buy. In Oman financial service sector is controlled by the Central Bank of Oman. This is the head institution for regulating the money matters in the country.
Financial service sector in Oman has grown leap and bounds over the years. With the emergence of various companies in Oman, especially foreign banks, this sector has done well to cater the needs of the common man. Those who have the power to invest, those who wants to start a new business or purchase any kind of…show more content…

Introduction
Those organizations that deal in the management of money fall in the financial service sector. They deal in many different ways through institutions like banks, insurance company, debit cards, credit cards and tools like these that offer the customers power to buy. In Oman financial service sector is controlled by the Central Bank of Oman. This is the head institution for regulating the money matters in the country.
Financial service sector in Oman has grown leap and bounds over the years. With the emergence of various companies in Oman, especially foreign banks, this sector has done well to cater the needs of the common man. Those who have the power to invest, those who wants to start a new business or purchase any kind of an asset has all benefitted through these kinds of institutions.
Banks provide loans which are very flexible to the customers; they also provide many other facilities that will help them to get the needful asset that they intended to buy from the market. Overall, the financial service sector is on a high growth mode is showing signs of significant improvement over the years to come.

Financial service sector in Oman
Oman is a country where development is given very much importance. Over the years, there have been very vast changes in the economy of the country as well as how the industries have grown in the country. All this were triggered off by the advent of a strong financial service sector in the country.
Banks have played

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