'Tertiary sector is playing an important role in the development of Indian economy'.Justify this statement.
Answers
(i) Basic services: Services such as hospitals, educational institutions, post and telegraph services, transport, banks, insurance companies, are in this group.
(ii) Development of the 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 centers.
(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.
Tertiary sector is playing an important role in the development of Indian economy. Justify this statement.
Yes, we agree with the statement that tertiary is playing an important role in the development of India's economy. The tertiary sector is related to the service sector. Service sectors are always related to the public interest.
The role of the tertiary sector is very important in the departmental development of any economy. Tertiary sector activities help in increasing the activities of the primary and secondary sectors like production etc. Apart from this, the areas related to the tertiary sector are the areas of public interest. When the services related to the public interest are at their highest level, then there is satisfaction among the people and this also affects the lifestyle of the people which gives momentum to the economy of the country.
The tertiary sector is related to trade, transport, communication, education, health, and services, these activities are very important in the development of the economy.
Therefore, it can be completely agreed with the statement that the tertiary sector is playing an important role in the development of the Indian economy.
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which one from the following is related to the tertiary sector? option A agriculture
B Forestry
C mining
d communication