In terms of GDP the share of tertiary sector in 2013-14 is between..... percent
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50 to 60 percent
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In terms of GDP, the share of the tertiary sector in 2013-14 is between 50 to 60 percent.
- Under governmental oversight, the tertiary sector offers essential services like public transit, healthcare, energy, banking, and post offices. ii.
- The tertiary sector generates a sizable amount of employment opportunities, especially for low-skilled and illiterate workers.
- The operations of this sector aid in the growth of the primary and secondary sectors.
- Economic activity in the tertiary sector does not produce things on its own, rather it aids or supports production.
- The great majority of job openings are in the tertiary industrial sector, which only focuses on giving consumers and other businesses services rather than goods.
- Because of this, it is also referred to as the service sector.
- The significance of services that employ highly educated and skilled personnel has increased.
- Growth in the tertiary sector has been accelerated by expansion in the administrative and healthcare sectors.
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