How tertiary sector emerged as a largest producing sector in india?
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The reasons for the emergence of tertiary sector as the largest producing sector are as follows:
1.The demand for tertiary sector activities like trade , transport,banking ,etc increased with The development of primary and secondary sectors.
2. Increasing requirement of software exports from abroad crated a boom in call centres in India .
3.As the income levels of people increased the demands for services also increased.
4.Liberalisation and financial environment has boosted faster growth in financial services.
5.The activities like teaching , medicine and communication requires lot of human capital from tertiary sector.
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1.The demand for tertiary sector activities like trade , transport,banking ,etc increased with The development of primary and secondary sectors.
2. Increasing requirement of software exports from abroad crated a boom in call centres in India .
3.As the income levels of people increased the demands for services also increased.
4.Liberalisation and financial environment has boosted faster growth in financial services.
5.The activities like teaching , medicine and communication requires lot of human capital from tertiary sector.
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Answer:
Following are some of the ways in which tertiary sector has emerged as the largest producing sector in India:
- Basic services like hospitals, educational institutions, defence, and transport are the part of tertiary sector.
- Development of agriculture and industry leads to the development of services.
- As the income level rises, tourism, shopping, private schools and professional training also expands. People start demanding more services this leads to the expansion of the tertiary sector.
- Information and communication technology also play an important role in this expansion.
- Large number of workers are engaged in this sector, as the demand for services grow.
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