Question

EXPLIN THE IMPORTANCE OF SERVICE SECTOR . EXPLAIN WITH SUTABLE EXAMPLE?

Answer 1

• There are 3 sectors in Indian Economy namely Primary, Secondary and Tertiary Sectors
• Tertiary sector is also known as service sector
• Services from Hospitals, educational institutions, post and telegraph services, police and courts, banks, municipal corporations, insurance companies etc, are basic services
• By developing transport, communication, storage warehouses, etc, primary and secondary sectors are benefitted
• More services are demanded by people in the form of tourist spots, shopping, medical facilities in private hospitals, schools, etc, as a result of income level increase
• With development in Information and Technology, production in these services has reached considerable growth
• ATMs, PCOs, Internet etc, have provided many services to people nowadays with the advent of Information and Technology, Communication services