Why is the tertiary sector becoming more important in India? Explain.
Answer:
Points to Remember
Answer to be written in Exam
The Tertiary Sector in India contributes to about 50% of its Gross Domestic Product (GDP) which is its National Income . The upcoming generation of youngsters work really hard in their studies to gain knowledge and secure good marks so that they can get a high paying job in the service sector and the reasons behind this growing importance of the Tertiary Sector are -
- Tertiary sector is becoming increasingly important as the Indian economy requires more services such as banking institutions, educational and health institutions,
- With the increase in the income level of the population the d emand for services like eating out, tourism, shopping, private hospitals, private schools et c also increases which is also come under tertiary sector and this rise is very evident in big and urban cities such as Delhi, Mumbai, Bangalore, etc.
- The tertiary sector generates the majority of India's national and per capita income.
- The tertiary sector employed a large number of uneducated and unskilled workers.
- Tertiary sector is responsible for distributing its services and goods to different consumers.
*Write any three points
