Question

Give five reasons for the rising importance of tertiary sector in production

Answer 1

1)Tertiary sectors composes almost 50% of Indian economy.

2)this sector accounts for most of the national & PCI.

3) it creates huge employment even for the uneducated and unskilled workers.

4) it is responsible to distribute its services and goods to different consumers.

5) the need for tertiary is increasing as there is more need of services like financial institutions, educational institutions etc. in economy.