Explain why the service sector is growing in India with suitable example.
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Explanation:
Service sector is otherwise called as tertiary sector. It includes government, scientific research, transport, communication, trade, postal, etc.In India there has been shift from agriculture to service sector. The development in the agriculture and industrial sector has increased the need of services such as transportation, storage and trade.
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The main reason behind the growth of service include rapid urbanisation, the expansion of the public sector and increase demand for intermediate and final consumer services. Access to efficient services has become crucial for the productivity and competitiveness of the entire economy. For example this is not important to grow in the unorganised sector.
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