Several factors have contributed to the growth of this sector in India. These include growing affluence, improving status of women, growth of IT sector, development of markets, health care consciousness, opening up of the economy etc.
What are the sources of service sector growth?
Service sector growth is fueled by advances in information technology, innovation, and changing demographics that create new demands. Information technology has a substantial impact on the growth of digital services.
What is the role of service sector?
Service sector provides finance, marketing, transport, insurance for the development of the agriculture sector. The expansion of service sector activities boost the secondary sector activities as well. Service sector can play a major role in reducing inequalities in the distribution of income in the economy.
What do u mean by service sector?
tertiary sector
The service sector, also known as the tertiary sector, is the third tier in the three sector economy. Instead of the product production, this sector produces services maintenance and repairs, training, or consulting. Examples of service sector jobs include housekeeping, tours, nursing, and teaching.
What are the opportunities in service sector?
These include IT and ITeS, Tourism and Hospitality Services, Medical Value Travel, Transport and Logistics Services, Accounting and Finance Services, Audio Visual Services, Legal Services, Communication Services, Construction and Related Engineering Services, Environmental Services, Financial Services and Education …
Which part of tertiary sector is growing in importance in which part is less productive?
Services which employ highly skilled and educated workers have grown in importance. Growth in the healthcare sector, administrative services have boosted the growth in the tertiary sector. But the lower end of the tertiary sector which employs less skilled and lower educated personnel have been less productive.
Which part of the service sector is not growing in importance?
Unorganised sector or unskilled worker of the service sector is not growing in importance. (i) There are a very large number of workers engaged in service sector such as small shopkeepers, repair persons, transport persons, etc. (ii) Casual workers in urban areas who have to search for daily employment.
