Question

Teritarysectorisnotpalyinganysignificantroleinthedevelopmentofindianeconomy?

Explain?​

Answer 1

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Answer 2

Question:

Tertiary sector is not playing any significant role in the development of Indian economy. Explain.

Answer:

No, it is not correct to say that the tertiary sector is not playing any significant role in the development of Indian economy. The tertiary sector has emerged as the largest producing sector in India replacing the primary sector. This sector has a big contribution to the growth of Indian economy. The GDP share of the tertiary sector has grown from around 40% in 1973 to more than 50% in 2003.