Question

explain why service sector is gaining more importance in global economy

Answer 1

Service sector is gaining more importance than agriculture or industries because the jobs in service sectors are increasing so people who are associated in agriculture or industries are not interested in that rather showing interest towards service sector

Answer 2

The importance of tertiary sector in India can be reasoned as follows:

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1. The tertiary sector contribute significantly in the country's GDP.
2. It provide employment to a large number of people with one third of the women employed.
3. It brings much of the needed foreign exchange in the country.
4. The government provides basic services like education, health, career, transport, etc. which falls under the tertiary sector.
5. It creates new opportunities like those related to information and communication technology.
6. It provides aid to the development of the primary and tertiary sector by creating new services like transport and storage.
7. Tertiary sector also include other facilities and services like doctors teachers engineers to play a major role in the society.