The tertiary sector plays a crucial role in the development of the economy in the country.

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Detailed Solution

The given statement is true.
The tertiary sector is considered the vital sector for the upliftment of the economy. The tertiary sector involves services provided in the production process of any good and for different requirements. It is therefore called the service sector as well. Before a decade, the share of the tertiary sector in India’s GDP, a gross domestic product, was tiny. The percentage of the tertiary sector has grown to vast figures, denoting the influence of the tertiary sector in development. This change is observable due to the growing availability of modern technology and foreign relations. More services are required, leading to more employment and more development growth.

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