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The Services Sector - Short Trick

Sub-sectors, GDP-jobs-FDI, tourism, IT, ports, the post office and real estate — one sentence each

3 trick sentences0 pairs5 parts
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How to read
  • Guru Ram Each coloured word = one name in the list, shown below in the same colour
  • Panda Two colours in one word = two names
  • ➜ Order the numbered order matters · ⇄ Any order no order
1

What the Services Sector Is

The five National Accounts groups, the ten big sub-sectors and the order of business services.

Trick 1

Five National Accounts groups of services

⇄ Any order

A trader took the tram with his family to a comedy concert.

  1. Trade, hotels and restaurants
  2. Transport, storage and communication
  3. Finance, insurance, real estate and business services
  4. Community, social and personal serviceseducation, health, public administration
  5. Construction-linked services

The test — if nothing solid is left in your hand once the job is done, it is a service; that is why services are called "invisible" production.

Trick 2

The ten big sub-sectors

⇄ Any order

Indu’s ball flew high over the edge.

Ten tourists enjoyed lemon rice.

  1. Information technology and software services
  2. Business process outsourcing (BPO)
  3. Financial services
  4. Healthcare and medical tourism
  5. Education and training
  6. Telecom and internet services
  7. Tourism and hospitality
  8. Entertainment and media
  9. Legal and professional services
  10. Retail and e-commerce

The six studied in detail — tourism, IT, transport, telecom, real estate and media.

Trick 3

Business services in the National Accounts

➜ in order of importance

Coach Reena accused Lata of making noise.

  1. 1Computer-related services
  2. 2Research and development (R&D)
  3. 3Accounting services
  4. 4Legal services
  5. 5Machinery renting

Legal services grew 8.2% a year from 2005-06 to 2011-12 · NALSA — Legal Services Authorities Act, 1987 · accountancy is self-regulated by ICAI, the Institute of Cost and Works Accountants and ICSI.

2

Contribution to the Economy

The gap between the GDP share and the jobs share, FDI, transport against telecom, the biggest gainers worldwide and the Orange Economy.

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3

Tourism

The states with the most tourists, Swadesh Darshan against PRASHAD, e-Visa, the Budget 2026-27 nature trails and heritage sites, and tourism’s challenges.

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4

IT, Ports and the Post Office

GCCs and data centres, the ports with the most capacity, ship turnaround time and the post office savings schemes.

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5

Real Estate and the Overall Challenges

The four parts of real estate, its schemes, and the eight challenges facing the whole services sector.

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Read the full chapter for the complete notes — a trick helps you remember the list; understanding comes from the notes.