Give reasons for the growth of service sector.

Solution

Reasons for the growth of service sector :

1. Economic Planning : Industrialization requires industrial infrastructure (transport, communication, power, insurance, banking, finance etc.) and social infrastructure (education, medical facilities etc). Therefore, these services have expanded rapidly in the country.

2. Increasing urbanisation : Urbanisation has been another cause of expansion of service sector in India.

3. Media : Television, internet and other media have led to spurt in tourism. Modern technology has made business more comfortable.

4. Rise in per capita income : Growing per capita income has led to demand for new and better services.

5. Greater life expectancy : Increase in life span has led to greater demand for health care and related services.

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Business Services

Give reasons for the growth of service sector.

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