Why is Tertiary Sector becoming important in India
Sectors of Indian Economy (10)Why is Tertiary Sector becoming important in India ? Explain.
Answer
- Tertiary Sector is a service sector which includes Transport Storage, Communication, Banking, Trade etc.
- Tertiary sector helps in the development of other two sectors.
- With the development of primary and secondary sectors the demand for service will increase day by day.
- The demands for tourism, shopping, private schools, private hospitals, etc. are increasing which are visible in big cities.
- Rapid growth of service sector also benefitted from external demand such as software industry, call centre services etc.
- Liberalisation and globalisation have provided an environment for faster growth of tertiary services.
Exam Year:
2023
Related Questions
- Which one of the following sectors contribute highest in the GDP of India
- Compare the economic activities of the private sector with that of the public sector
- Describe the working conditions in the unorganised sector
- Which one of the following pairs is correctly matched
- Describe the role of public sector in the economic development of the country
- Distinguish the service conditions of organized sector with that of unorganized sector