Why has the tertiary sector become the largest producer in India over the last thirty years? Explain four reasons.
Asked by rishisinghbedi2003
19th March 2018,
10:49 AM
Answer Verified by Expert
Answer:
Reasons for raising importance/services produced in the tertiary sectors:
- In a developing country like India, the Government has to undertake the provision of various services such as health facilities, providing education, credit at cheap rates, police stations and municipal corporations, which are essential for the overall growth of the people and the country.
- The development of primary and secondary sectors have resulted in the rise of several services that are required for the smooth functioning of these sectors such as banking, transportation and insurance.
- The information technology and communication sector has seen a tremendous growth in the last twenty years.
- It employs highly skilled and educated workers on one side and on the other hand many people are working as small shopkeepers, and transporters.
- Therfore the services produced in the tertiary sector has increased a lot and they contribute the most to Gross domestic product.
Verified by Expert
19th March 2018,
1:19 PM
Rate this answer
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
You have rated this answer /10
Your answer has been posted successfully!
RELATED STUDY RESOURCES :
Browse free questions and answers by Chapters
- 1 Agriculture
- 2 The Rise of Nationalism in Europe
- 3 The Nationalist Movement in Indo-China
- 4 Nationalism in India
- 5 The Making of a Global World
- 6 The Age of Industrialisation
- 7 Work, Life and Leisure: Cities in the Contemporary World
- 8 Print Culture and the Modern World
- 9 Novels, Society and History
- 10 Power Sharing
- 11 Federalism
- 12 Democracy and Diversity
- 13 Gender, Religion and Caste
- 14 Popular Struggles and Movements
- 15 Political Parties
- 16 Outcomes of Democracy
- 17 Challenges to Democracy
- 18 Resources and Development
- 19 Forest and Wildlife Resources
- 20 Water Resources
- 21 Minerals and Energy Resources
- 22 Manufacturing Industries
- 23 Lifelines of National Economy
- 24 Development
- 25 Sectors of the Indian Economy
- 26 Money and Credit
- 27 Globalisation and the Indian Economy
- 28 Consumer Rights
Trending Tags
Latest Questions
Maharashtra IX Chemistry
Asked by mukunda000001
14th November 2018,
4:12 AM
CBSE XII Science Biology
Asked by yashikaaaasharma
13th November 2018,
11:20 PM
