Give reasons on why the tertiary sector is so important in India?

Give reasons on why the tertiary sector is so important in India?
Posted on 02-06-2022

Give reasons as to the reason why the tertiary industry is so crucial in India?

Answer:

Tertiary industry is hugely contributing in the gross domestic product of India. It plays a significant part in the development of the economy of India. The tertiary sector offers enormous potential for employment in India. The sector of Tertiary has attracted plenty of foreign investment in India.

A large portion of India's exports come from the services sector. The many diverse and important tasks in the services sector include I.T. industry, communication, finance, real estate, transportation, trade, tourism, hotels, etc.

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