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Questions
State the importance of the Service Sector.
What is the importance of service sector? Give two points.
Short Answer
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Solution
Importance of the Service Sector:
- The service sector is one of the largest sectors of India.
- Currently, this sector is the backbone of the Indian economy.
- It contributes around 53% of the Indian Gross Domestic Product.
- It provides transportation services to the primary and secondary sectors of the economy.
- It improves workforce efficiency.
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Notes
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