Question

why the tertiary sector is becoming so important in india

Answer 1

1. The need for tertiary is increasing as there is more need of services like financial institutions, educational institutions etc. in Indian economy.

2. The tertiary sector accounts for most of the national and per capita income of India.

3. The tertiary sector created huge employment even for the uneducated and unskilled workers.

4. The tertiary sector is responsible to distribute its services and goods to different consumers.

Answer 2

Explanation:

(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.