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

No, I do not agree with the statement that tertiary sector is not playing any significant role in the development of Indian economy. Over the past four decades (1970 – 2010), tertiary sector has emerged as the largest sector in terms of production. The growth in the service sector can be attributed to various factors such as:
• Need for basic services like health, education, security, finance etc.
• Introduction of new services like IT.
• Development of primary and secondary activities.
• Increase demand for services due to increase in per capita income.
The GDP share of the tertiary sector has grown from around 40% in 1973 to more than 50% in 2003.

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