Show how the tertiary sector has emerged as the largest producing sector in india. 5
Answers
Answer:
Explanation:The Tertiary sector has emerged as the largest producing sector in the Indian economy in the last decade because,
(i) Demand for Tertiary sector activities like transport, storage and trade has increased substantially with the development of the Primary and Secondary sectors.
(ii) Increasing requirement of software exports from abroad that creates a boom in call centres.
(iii) With increase in the income levels of the people, demand for tourism, shopping, education and other services has increased.
(iv) Liberalisation of the financial environment has boosted faster growth in financial services.
(v) Basic services of education, healthcare and communications require a large number of people to be engaged in these Tertiary sector activities.
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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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