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

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

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.

Watch 3-min video & get full concept clarity