Question

describe the important role of teritary sector in development of country

Answer 1

Dear Student,

The tertiary sector is the third sector of an economy and deals with services, instead of end-user products. It's importance is detailed below:

• Amenities like health care, education, leisure and entertainment, tourism are all bracketed under this sector. These are essential for any civilised society.
• It has a huge share in the GDP of India, contributing nearly 55% to it.
• Nearly one-third of Indian workforce is employed by this sector, even more than the secondary sector.
• Tertiary sector works 24*7 to provide uninterrupted services, specially in fields like health care.
• Tertiary sector supplements the growing standard of living among people by tending to an increasing demand for luxury.

Thus, the tertiary sector plays a significant role in the economy and the development of the country.

Regards.