How can service activities help in the overall development of a country?

The service sector is the sector which provides its services to people such as banking, insurance, education etc. It has also helped in the overall development of the country. This can be explained in two ways:

1. The service sector has been responsible for providing employment opportunities to one-fourth of all the working population in India.

2. It helps to increase the per capita Gross Domestic Product of the country.

3. It leads to the creation of new services which are not required with the development of the country. For example transportation, health services, professional training etc.

4. India is a developing country and in this level, it is extremely important to have a well-developed system of education and health in the country, provided by this country. It is the responsibility of the government to provide such services.