Explain the significance of the tertiary sector
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The tertiary industry is the segment of the economy that provides services to its consumers, including a wide range of businesses such as financial institutions, schools and restaurants. It is also known as the tertiary sector or service industry/sector.
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Tertiary sector is playing a significant role in the development of the Indian economy .
Role of tertiary sector in the Indian economy :
i) Basic amenities like education, health care services related with Information Technology, ATM booths, call centres etc. provides employment to educated Indians.
(ii) The share of tertiary sectors in GDP is growing day by day.
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