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Why tertiary sector is important in an indian economy ?

Posted by Ishani Roy 6 years, 7 months ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 6 years, 7 months ago

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.

1Thank You

Puja Sahoo? 6 years, 7 months ago

1. The need and importance 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.............??

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