Prince kumar Chandwara , koderma, India 50 Questions 611 Answers 33 Best Answers 899 Points View Profile 10 Prince kumarExpert Asked: November 13, 20202020-11-13T07:02:02+00:00 2020-11-13T07:02:02+00:00In: Social Science Highlight any five reasons for the importance of tertiary sector in India. 10 Highlight any five reasons for the importance of tertiary sector in India. tertiary sector Share Facebook 3 Answers Voted Oldest Recent Arjun British Indian Ocean Territory 24 Questions 18 Answers 11 Best Answers 194 Points View Profile Arjun Competent 2021-05-06T14:53:31+00:00Added an answer on May 6, 2021 at 2:53 pm Reasons for the importance of tertiary sector in India are: Tertiary sectors composes almost 50% of Indian economy. This sector accounts for most of the national & PCI. It creates huge employment even for the uneducated and unskilled workers. It is responsible to distribute its services and goods to different consumers. The need for tertiary is increasing as there is more need of services like financial institutions, educational institutions etc. in economy. 4 Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Shrestha India 27 Questions 41 Answers 19 Best Answers 1,388 Points View Profile Shrestha Guru 2021-05-06T14:29:42+00:00Added an answer on May 6, 2021 at 2:29 pm Any five reasons for the importance of tertiary sector in India are: (i) In any country, several basic services like transport, bank, insurance, educational institutions, etc. are required and the government has to take responsibility for the provision of these services. (ii) The development of agriculture and industry leads to the development of services, such as transport, trade, storage, etc. (iii) As income level rises, certain sections of people start demanding many services like eating out, recreation, tourism, private hospitals, etc. (iv) Certain new services such as those based on information and communication technology have become important and essential. (v) Greater the development of the primary and secondary sectors, more would be the demands for such services. 4 Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Abul Koderma, India 97 Questions 323 Answers 94 Best Answers 347 Points View Profile Abul Proficient 2020-11-15T14:20:23+00:00Added an answer on November 15, 2020 at 2:20 pm Tertiary sector has become important in India because : (i) Basic services like hospitals, education, post and telegraph, courts, etc. are the responsibility of the government in developing countries. (ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. (iii) Demand for tourism, shopping, private schools, private hospitals, etc. increases with the increase in the level of income. (iv) Rapid growth of services sector also benefitted from external demand such as software industry and call centre services. (v) Liberalisation of financial sector provided an environment for faster growth of financial services. 4 Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp You must login to add an answer. Username or email* Password* Remember Me! Forgot Password?