Role of service sector in the development of indian economy
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Explanation:
The Role of the Service Sector in the Indian Economy. ... The services sector has the highest growth rate and is the least volatile sector. Growth is particularly marked in public services, IT and financial services. In some areas the growth rate of the services sector is 40-50% due to increased use of mobile technologies.
Service sector plays a very important role in the development of indian economy. It is also known as tertiary sector. It is an aid for the development of primary and secondary sector as the materials produced by primary and secondary sector need to be transported by trucks or vehicles..This work of transportation is done by the service sector. The employment in the tertiary sector is increasing day by day as compared to primary and secondary sector, hence helps in the development of indian economy...
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