Q.

Factors responsible for the growth of service sector in the Indian economy:


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a

Development of primary and secondary activities

b

Certain new services are based on information and communication technologies.

c

Income levels of the people should increase.

d

All of the above 

answer is D.

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Detailed Solution

The following are the factors responsible for the growth of the service sector in the Indian economy:
1)      Every nation needs a few fundamental services for the population's welfare, including hospitals, schools, post offices, and police stations. The government is in charge of giving the public access to these services.
2)      Services like transportation, trading, and storage emerge as primary and secondary activities grow.
3)      The average household income has gone up. As a result, there is a demand for services like shopping, professional training, and tourism.
4)      The production of several new information and communication technology-based services has increased as they have grown in importance and necessity over the past few years.
 
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