What are the major factors responsible for the high growth of service sector in India?
Answers
Answer:
The major factors responsible for high growth of the service sector are as under : (i) Development of means of transport and com-munication due to globalization. due to the policy of privatization. (iii) Expenditure on the development of infrastructure.
Answer:
Explanation:
The major factors responsible for the high growth of the service sector are as follows (i) Rise in Income Rise in per capita Income is an Indicator of increase in general affluence levels. With rise in income people start demanding services which
The major factors responsible for high growth of the service sector are as under :
(i) Development of means of transport and com-munication due to globalization.
(ii) Development of banking and insurance sector
due to the policy of privatization.
(iii) Expenditure on the development of infrastructure.
(iv) Investment in different service sectors due to
indigenous and foreign institutional investment.
(v) Rapid industrialisation.
(vi) Development of agriculture due to Green Revolution.