Ecplain the rosing importance of tertiary sector in production
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Over the past 30 years, while production has increased in all the 3 sectors , it has increased the most in the tertiary sector.
The reasons for the fast development of the tertiary sector in India are as follows:-
1. The necessity for ‘basic services’ like hospitals, educational institutions, post and telegraph services, police stations, courts, administrative offices, defense, transport and banking services have increased with the increase in population.
2. The development in the Agricultural and Industrial sectors has increased the need for services such as transportation, storage and trade.
3. As the income of the people increased the demand for services in tourism, retailing, catering and elite education also increased.
4. With higher income people have started traveling long distances for work and education, resulting in the need for increased services in the transport and communication sector.
The reasons for the fast development of the tertiary sector in India are as follows:-
1. The necessity for ‘basic services’ like hospitals, educational institutions, post and telegraph services, police stations, courts, administrative offices, defense, transport and banking services have increased with the increase in population.
2. The development in the Agricultural and Industrial sectors has increased the need for services such as transportation, storage and trade.
3. As the income of the people increased the demand for services in tourism, retailing, catering and elite education also increased.
4. With higher income people have started traveling long distances for work and education, resulting in the need for increased services in the transport and communication sector.
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