Question

Need help !
' Tertiary sector is playing a significant role in the development of Indian economy ' . Justify the statement .
Class - X​

Answer 1

Answer:

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☞(i) Basic services: Services such as hospitals, educational institutions, post and telegraph services, transport, banks, insurance companies, are in this group. 

☞ (ii) Development of primary and secondary sector: The development of agriculture and industry leads to the development of services such as transport, trade and storage. 

☞(iii) Rise in income levels: As income levels rise, certain sections of people start demanding many more services like eating out, tourism, shopping, private hospitals, private schools and professional training centres. 

☞(iv) Rise in information technology: Over the past decade or so, certain new services, such as those based on information and communication technology have become important and essential.

☞(v) Globalization: Due to globalization, people have become aware of new services and activities, and communication because of which the tertiary sector has gained importance.

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Answer 2

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The tertiary sector has contributed vastly to the Indian economy, especially in the last two decades. In the last decade, the field of information technology has grown, and consequently, the GDP share of the tertiary sector has grown from around 40% in 1973 to more than 50% in 2003.

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