Question

State with reasons whether you agree not.

Globalisation does not have any effect on the service sector.

Answer 1

No, globalisation, in fact, affects the service sector in many ways. The following are a few of these effects:
a. Advanced technology and growth of IT- Due to globalisation, the advancements and innovations in the IT sector have enabled the use of the Internet and telecommunications and facilitated electronic transactions. All these have contributed to the growth of the service sector in India.
b. Growth of tourism- The tourism industry in India has experienced a rapid growth due to the increased incomes of the people and the liberal reforms adopted by the government.
c. Increased volume of trade- The service sector has also benefited from the low tariff and non-tariff barriers on imports by Indian firms.