Social Sciences, asked by mohityadavbond4121, 11 months ago

Factors responsible for the rapid growth of service sector in india

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Answered by Anonymous
11

Answer:

The major factors responsible for high growth of the service sector are as under :

(i) Development of means of transport and com-munication due to globalization.

(ii) Development of banking and insurance sector

due to the policy of privatization.

(iii) Expenditure on the development of infrastructure.

(iv) Investment in different service sectors due to

indigenous and foreign institutional investment.

(v) Rapid industrialisation.

(vi) Development of agriculture due to Green Revolution.

Hope it will be helpful.☣️

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