Question

The service sector has become very important in India because ______.

पर्याय

• it is the largest contributor to India’s GDP

• it has attracted significant foreign investment

• Both it is the largest contributor to India’s GDP and it has attracted significant foreign investment

• None of these

Answer 1

The service sector has become very important in India because it is the largest contributor to India’s GDP and it has attracted significant foreign investment.

Explanation:

This is supported by the facts that the service sector forms the backbone of socio-economic development in India, supports agriculture and industry, and has shown phenomenal growth in share of national income. The sector has also attracted foreign capital due to liberalization reforms, technological advancements, increased demand for services, and the outsourcing boom.