Why is the tertiary sector becoming more important in India? Explain.
it's of 5 marks
Answers
Tertiary sector has become important in India because :
(i) Basic services like hospitals, education, post and telegraph, courts, etc. are the responsibility of the government in developing countries.
(ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors.
(iii) Demand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in the level of income.
(iv) Rapid growth of services sector also benefitted from external demand such as software industry and call centre services.
(v) Liberalisation of financial sector provided an environment for faster growth of financial services.
Answer:
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Explanation:
The tertiary sector becoming more important in India because :
(i) In any country several basic services like transport, bank, insurance, educational institutions etc arerequired and the government has to take responsibility for the provision of these services.
(ii) The development of agriculture and industry lead to the development of services such as transport,trade, storage etc.
(iii) As income level rises, certain section of people started demanding many services like eating out,tourism, private hospital etc.
(iv) Certain new services such as those based on information and communication technology havebecome important and essential.