GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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primary
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secondary
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teritary
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public sector
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Detailed explanation-1: -The service sector has been the last to expand significantly in the economy and is a characteristic of advanced economies and developed countries.
Detailed explanation-2: -Tertiary sector has become important in India because the demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. Other reason is the fact that the demand for tourism, shopping, private schools, private hospitals, etc.
Detailed explanation-3: -In the year 2003, the largest producing sector in India was the tertiary sector.
Detailed explanation-4: -In the past 100 years, there has been a further shift from secondary to tertiary sector in developed countries. The service sector has become the most important in terms of total production. Most of the working people are also employed in the service sector.