what development has taken place in tertiary sector of India
Answers
So, tertiary sector means basically service sector and when this sector does well then it produces an efficient logistical bridge between the primary and the secondary sector. Services sector involves transport, distribution and sale of goods from producer to a consumer, as may happen in wholesaling and retailing.
༄ Basic services like hospitals, education, post and telegraph, courts, etc. are the responsibility of the government.
༄ Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors.
༄ Demand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in level of income.
༄ Rapid growth of services sector also benefited from external demand such as software industry and call centre services.
༄ Liberalisation of financial sector provided an environment for faster growth of financial services.