what are the major factors responsible …
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Gaurav Seth 5 years, 2 months ago
The major factors responsible for high growth of the service sector are as under :
(i) Development of means of transport and communication due to globalization.
(ii) Development of banking and insurance sector due to the policy of privatization.
(iii) Expenditure on the development of infrastructure.
(iv) Investment in different service sectors due to
indigenous and foreign institutional investment.
(v) Rapid industrialisation.
(vi) Development of agriculture due to Green Revolution.
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