[[1]] sector has emerged as the largest producing sector in the Indian economy in the last decade.

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Detailed Solution

Over the past few decades, the tertiary sector has emerged as the largest sector in the Indian economy. A few reasons for that are:
The demand for essential services like banking, education, security, insurance, and medical care increases as the economy develops. The government usually takes responsibility for providing such services in a developing country. The development of the primary and secondary sectors also depends on the tertiary sector. Demand for services like storage and transport increases as there is a development in the agriculture and manufacturing sectors. People start to demand better quality services as their income level increases. The financial sector has also seen growth as there has been a liberalisation of the financial sector. There has been a significant demand for information and communication technology like IT and BPO, which raised the production of these services.

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