Question: Is The Tertiary Sector Playing A Significant Role In The Development Of Indian Economy Explain?

Is tertiary sector playing a significant role in the development of Indian economy?

Answer: No, it is not correct to say that the tertiary sector is not playing any significant role in the development of Indian economy.

The GDP share of the tertiary sector has grown from around 40% in 1973 to more than 50% in 2003.

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How tertiary sector is playing an important role in economy?

1)Tertiary sector generate many services and job opportunities all round the world. 2)It also contributes largest towards the requirement of GDP (GROSS DOMESTIC PRODUCE). 3)The primary and secondary sector,both of them depends largely on Tertiary sector.

Is playing an important role in the development of the Indian economy?

‘Tertiary sector is playing a significant role in the development of Indian Economy’. … ‘Tertiary sector is playing a significant role in the development of Indian Economy’.

Why the tertiary sector is becoming important for Indian economy?

Tertiary sector has become important in India because : (ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. (iii) Demand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in the level of income.

Which sector is gaining more importance in India give reasons?

Answer. Answer: Tertiary sector is gaining more importance in India as it is a basic service providing sector. It has a major contribution in GDP.

How does tertiary sector help in development?

Answer. Answer: After primary and secondary sectors, there is a third sector called the service sector also known as tertiary sector. … Since these activities generate services rather than goods, they promote primary and secondary sectors by providing expertise, finance, transportation, advertisement.