CBSE Notes, Lectures

CBSE - Economics - Sectors of the Indian Economy

Sectors of the Indian Economy

Long Answer Type

Why is the tertiary sector becoming more important in India? Explain.

The tertiary sector becoming more important in India because :
(i) In any country several basic services like transport, bank, insurance, educational institutions etc are  required 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 have become important and essential

.