Highlight three factors responsible for the growth of the service sector in the Indian economy.
In 1991, India had liberalized its economy. Since then the service sector has seen a constant level of growth. The three factors responsible for the growth of the service sector in the Indian economy are:
1. With the increase in population, the demand for service sectors such as schools, hospitals etc. has increased.
2. With the increased income, people’s demand for maids, cooks, drivers etc. has also increased.
3. A number of women are now working. This had led to an increase in the demand for housekeeping services, babysitting facility etc.