why is the service sector an important sector in India today?
Answers
Answer:
Finally to conclude that, the service sector is very important for India, as it is contributing half of the GDP growth in the Indian economy. Employment is increasing due to development of service sector. There is a very good scope to improve further in the services provided by the companies and government.
Explanation:
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Answer:
The main features of the tertiary sectors are:
(i) This sector helps in the development of the primary and secondary sectors.
(ii) The activities related to this sector do not produce key good but they are an aid or a support for the production process.
(iii) It also provides essential services that may not directly help in the production of goods such as services of teachers, doctors, barbers, lawyers, etc.
(iv) In recent times, certain new services based on information technology etc have become more important.
(v) The services which are included in the tertiary sectors are transport, storage, communication, banking, trade, etc.