Question

Mention any one factor responsible for the service sector in Indian economy

Answer 1

The tertiary sector is becoming more important in India because-
1. In any country several basic services like transport, bank, insurance, educational institutions etc are required and the government has to take the responsibility for the provision of these services.
2. The development of agriculture and industry lead to the development of services such as transport, trade, storage etc.
3. As income level rises, certain section of people started demanding many services like eating out, tourism, private hospital etc.
4. Certain new services such as those based on information and communication technology have become important and essential.