Question

Illustrate with examples the rise and growth of tertiary sector in India from 2010-2014.

Answer 1

1. After the US, EU, and China, it is India which has a high tertiary output.
2. The major increase has come in the years of liberalization when India became an IT exporter.
3. Information Technology, It enables services and business process outsourcing provides a major chunk of the tertiary sector.
4. The rise of the tertiary sector is responsible for high growth rates of certain cities like Bangalore, Hyderabad, Pune and Gurgaon.
5. New tier II cities like Nasik are being developed to handle the increasing portion of tertiary sector.
6. IT and ITES along with BPO have provided the major sources of foreign currency for India.