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CBSE Class 10 Economics Question 11 of 27

Sectors of the Indian Economy — Question 15

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Question 12

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

Answer

No, I don't agree that tertiary sector is not playing any significant role in the development of Indian economy. Also known as the service sector, it is very crucial for India’s economic growth due to following reasons:

  • The tertiary sector contributes substantially to India’s GDP.
  • This sector alone provides approximately 31% of overall employment in India.
  • The tertiary sector offers a wide range of services, including IT services, consulting, healthcare, education, finance and tourism. These services play a vital role in our daily life.