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Q.

Which sector in India is growing significantly?


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a

Tertiary sector

b

Secondary sector

c

Primary sector

d

None of the above 

answer is A.

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Detailed Solution

The tertiary sector in India is growing significantly.
The tertiary sector is growing significantly in India because essential services like hospitals, education, post and telegraph, courts, etc., are the government's responsibility in developing countries. The demand for transport, trade, and storage services will rise as the primary and secondary sectors develop. This has made the tertiary sector essential in India. As income levels rise, so make consumer demands for travel, retail, private healthcare, and other services. The rapidly expanding services sector also benefited from the outside markets, including software and contact centre services. Financial services grew more quickly thanks to the financial sector's liberalisation.
 
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Which sector in India is growing significantly?