Question

Which of the following reasons are responsible for making the tertiary sector important in India?

• A. Faster growth of financial services
• B. People are demanding more services
• C. Huge development in the primary and secondary sectors
• D. All of the above

Answer 1

Answer: (D)

All of the above

• Basic services like hospitals, education, post and telegraph, courts, etc. are the responsibility of the government.
  
• Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors.
  
• Demand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in level of income.
  
• Rapid growth of services sector also benefited from external demand such as software industry and call centre services.
  
• Liberalisation of financial sector provided an environment for faster growth of financial services.