Question

State the importance of the Service Sector.

What is the importance of service sector? Give two points.

Answer 1

Importance of the Service Sector:

1. The service sector is one of the largest sectors of India.
2. Currently, this sector is the backbone of the Indian economy.
3. It contributes around 53% of the Indian Gross Domestic Product.
4. It provides transportation services to the primary and secondary sectors of the economy.
5. It improves workforce efficiency.