Why is tertiary sector so important in India give 5 reasons?

(i) Basic services like hospitals, education, post and telegraph, courts, etc. … (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.

What is the importance of tertiary sector?

Importance of the tertiary sector :

the tertiary sector provides basic services like public transportation, medical care, electricity, banking, post office, etc under the control of the govt. ii. the tertiary sector creates a huge area for employment even for uneducated and unskilled workers.

Why is tertiary sector becoming so important in India give at least four reasons?

i) The tertiary sector provides the basic services like public transportation, medical car, electricity ,banking, post office etc under the control of the govt. ii) The tertiary sector creates an huge area for employment even for uneducated and unskilled workers.

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What is the importance of tertiary sector in Indian economy?

Due to change of economic policies tertiary sector is growing in India. Basic amenities like education, health care services related with Information Technology, ATM booths, call centres etc. provides employment to educated Indians. (ii) The share of tertiary sectors in GDP is growing day by day.

Why is tertiary sector gaining importance in India explain any three reasons?

(i) Basic services like education, healthcare, banking etc are required in a developing country like India, which are mostly cared of by the government. … (iii) When income levels rise, people start demanding more services like shopping malls, tourism, professional training etc.

Which part of tertiary sector is growing in importance?

Services which employ highly skilled and educated workers have grown in importance. Growth in the healthcare sector, administrative services have boosted the growth in the tertiary sector.

What is the role of tertiary sector for development?

Tertiary sector adds onto the employment generation capacity of the economy. … of employment with per capita investment when compared to the primary and the secondary sector. 3. Thus , tertiary sector is certainly important for the development of other sectors and the country’s economy.

Which sector is gaining more importance in India give reasons?

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

What are the reasons for the growth of tertiary sector in India?

Several factors have contributed to the growth of this sector in India. These include growing affluence, improving status of women, growth of IT sector, development of markets, health care consciousness, opening up of the economy etc.

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What is meant by the tertiary sector?

The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work. It is made of: … the non-market sector (public administration, education, human health, social work activities).

Why tertiary sector is increasing?

(iii) As income level increases certain sections of people start demanding many more services like eating out, tourism, shopping, private hospital etc. (iv) Certain new services have emerged like information and communication technology which have become important.

How does tertiary sector contribute to the economy?

The tertiary industry sector makes up the vast majority of employment opportunities and is solely focused on providing services, not goods, to consumers and other organizations. For this reason, it is also known as the service sector.

How does public sector help in the development of a country?

The public sector helps in the development of a country in the following ways. … It provides basic health and educational services in the country by establishing hospitals and schools for the poor and the needy. 2. It provides water, postal services, electricity, irrigation etc.

Why service sector is gaining more importance in economy?

– Service sector is gaining more importance because demand for basic services increases in the global economy. … – Rise in income level also lead to the increase in the service sector. 4. – Growth of informational and communication technology lead to the increase in the service sector.

What is tertiary sector class 10th?

“Thus the activities relating to transport, storage, communication, banks and trade etc. are included in tertiary sector. As the activities of tertiary sector creates services in place of goods and communities, it is also called service sector.”

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