Question

What is the reason for rapid expansion of service sector in India?

Answer 1

Explanation:
Explain the factors affecting growth of the service sector in India.

Solution:

Service sector in India has risen with the rise in standard of living of people. As the income increases, there is more demand for services, such as entertainment, accounting, personal services and so on.

Development of a country requires development of basic services like education and healthcare. A vast expansion of such services in India has created opportunities for teaching and healthcare professionals.

Moreover, with changing technology, there is growth in services. This can be seen in the rise in BPOs or outsourcing, entertainment and advertising services, banking, insurance, financial, legal and accounting services.