Name: The Public and Private Sectors in India
Uploaded: 2019-07-19
Duration: 4 min 2 s
Description: Based on the ownership and nature of economic activities, sectors are classified into public and private sectors. Learn more about them in this video.

Question

Why is &lsquo;Tertiary Sector becoming important in India? Explain.

Accepted Answer

The Tertiary Sector, has become increasingly important in India due to several factors that have contributed to its growth and significance in the country's economy, that are:

Rising Income and Urbanization: As India's economy has grown, there has been a corresponding increase in disposable income among the population. This has led to higher demand for various services such as healthcare, education, entertainment, dining, travel, and more.

Technological Advancements: Advances in technology, particularly in information technology and communication, have enabled the growth of service-based industries such as IT services, software development, e-commerce, and digital payment systems.

Government and Public Services: Government services, including healthcare, education, public administration, and social welfare programs, also fall under the Tertiary Sector. These services play a vital role in enhancing the overall quality of life for citizens.

Why is ‘Tertiary Sector becoming important in India? Explain.

Important Questions on Sectors of the Indian Economy

Learn and Prepare for any exam you want !