Choose the given statement is True/False

Tertiary sector is not playing any significant role in the development of the Indian economy.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
The tertiary sector replaced the primary sector in terms of production in terms of GST. There is a substantial increase in basic services like hospitals, postal services, communication, police stations, administrative services, defence, etc. With the primary and service sectors, the need for the tertiary sector has increased in the form of transport, storage, trade, etc., the primary and service sectors. The development of Globalisation has led to an increase in certain new services like Information Technology, communication, etc., have also increased the demand for the tertiary sector. It has also employed various skilled and educated people, thus contributing to employment opportunities.
The correct statement would be that the tertiary sector plays an important role in the development of the Indian economy.

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