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Why is the tertiary sector becoming so important in India?There could be several reasons. |
| Answer» Tertiary sector has become important in India because :(i)\tBasic services like hospitals, education, post and telegraph, courts, etc. are the responsibility of the government in developing countries.?????(ii)\tDemand for services such as transport, trade, storage will increase with the development of primary and secondary sectors.????(iii)\tDemand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in the level of income.???(iv)\tRapid growth of services sector also benefitted from external demand such as software industry and call centre services.????(v)\tLiberalisation of financial sector provided an environment for faster growth of financial services.????? | |