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Q.There is a continuous growth in the service sector in India? Write any 3 reasons.

Madhya Pradesh MpbseMP Board (MPBSE) Higher Secondary Class 11 (Commerce) 2023Subjective· 3mImportance★★★★★est
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Service sector grew due to rising demand for services, the IT/outsourcing boom, and liberalisation.

The service (tertiary) sector in India has grown continuously and become the largest contributor to GDP, for the following reasons (any three):

  1. Rising income and demand for services – as incomes rose, the demand for services such as banking, insurance, education, health, transport, trade and tourism increased sharply.
  2. Growth of information technology – the rapid rise of IT and IT-enabled services (software, BPO, call centres), in which India has become a major global outsourcing hub, boosted the sector. …

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