"Tertiary sector is not playing any significant role in the development of Indian economy." Do you agree? Give reasons in support of your answer.

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asked Jul 16, 2017 in Economics by sforrest072 (157,439 points) 60 410 937

1 Answer

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answered Jul 16, 2017 by Abhishek Kumar (14,593 points) 5 9 35
 
Best answer

"Tertiary sector is not playing any significant role in the development of the Indian economy". This statement is not true. The tertiary sector has contributed vastly to the Indian economy, especially in the last two decades. In the last decade, the field of information technology has grown, and consequently, the GDP share of the tertiary sector has grown from around 40% in 1973 to more than 50% in 2003.

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