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Q.

The ____ sector plays a significant role in the development of the Indian economy.


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Detailed Solution

The tertiary sector plays a significant role in the development of the Indian economy.
By replacing the primary sector, the tertiary sector emerged as the largest sector in India in the year 2010-11 in terms of contribution to GDP. The rise of information and communication technology aided in the rapid rise of the service sector.  Due to the rise in income levels, there was a rise in demand for more services such as restaurants, tourism, shopping, private schools, etc. There was greater demand for services such as trade and the storage industry due to the greater development of secondary and primary sectors.
 
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