UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 8 Issue 5
May-2021
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2105104


Registration ID:
308104

Page Number

a812-a817

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Title

''Tertiary sector-A Back bone of Indian Economy''

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Abstract

Tertiary sector play a central role in the economies of both developed and developing countries. They account for over half of the gross domestic product of all developed economies and constitute the single largest sector in most developing economies. Main reasons behind the growth of services include rapid urbanization, the expansion of the public sector and increased demand for intermediate and final consumer services. Access to efficient services has become crucial for the productivity and competitiveness of the entire economy. The successful growth of the primary and secondary activities in the economy, to a large extent, dependent on services offered by banking, insurance, trade, commerce, entertainment, maintenance of machinery and equipment and numerous other services categorized as tertiary activities. There has been a structural change in the Indian economy since Independence. The last decade of the twentieth century witnessed major policy changes in the Indian economy and its constituent sub-national economies. The emergence of India as one of the fastest growing economies in the world during the 1990s is attributable to a significant extent to the rapid growth of its services sector. During the last decade, the Indian service sector grew at an average annual rate of nine per cent, contributing to nearly sixty per cent of the overall growth rate of the economy (World Bank, 2004). Most of the growth in services has been in information technology (IT), business process outsourcing (BPO) services and knowledge based activities; other sectors like telecommunications, financial services, community services and hotels and restaurants, have also grown considerably. Access to external markets and domestic reforms have played an important role in creating a dynamic Tertiary sector in India

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"''Tertiary sector-A Back bone of Indian Economy''", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 5, page no.a812-a817, May-2021, Available :http://www.jetir.org/papers/JETIR2105104.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"''Tertiary sector-A Back bone of Indian Economy''", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 5, page no. ppa812-a817, May-2021, Available at : http://www.jetir.org/papers/JETIR2105104.pdf

Publication Details

Published Paper ID: JETIR2105104
Registration ID: 308104
Published In: Volume 8 | Issue 5 | Year May-2021
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.27958
Page No: a812-a817
Country: Tumakuru, Karnataka, India .
Area: Arts
ISSN Number: 2349-5162
Publisher: IJ Publication


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