Explain the growing importance of tertiary sectors in India?
Tertiary sector is one of the three sectors of the economy, the other two are the primary sector and the secondary sector. It provides services (intangible). The main focus is the deal with customers and not producing physical products. It includes many services such as banking, transport, communication, trade, etc. It is one of the growing sectors in India due to the following reasons :
1. 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.
2. It helps to create a large number of employment opportunities in different areas.
3. The growth of this sector is also required for the efficient and smooth working of the primary and secondary sector.
4. With the increase in income, especially in urban areas, the demand for certain services such as professional training, communication, tourism, etc arises.
Thus, the tertiary sector is extremely crucial for India's growth.
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