Tertiary Sector (Service Sector) — Syllabus
Telangana Open School (TOSS) · Class 12 · Economics
What Tertiary Sector (Service Sector) covers in Telangana Open School (TOSS) Class 12 Economics: 4 topics, for the 2026-27 session.
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Topics in Tertiary Sector (Service Sector)
Role of the Tertiary Sector in the Indian Economy
- The service sector contributes 80.1% to India's GDP (2020–21), higher than many developed countries.
- It supports the development of agriculture and industries by providing necessary services like transport, banking, and communication.
- The sector has seen rapid growth, with an average growth rate increasing from 4.9% (1950–1991) to 10.6% (2004–2021).
Priority of the Tertiary Sector in India
- The government gives high priority to the service sector through Five-Year Plans and policy reforms.
- Investments in transport, energy, and information sectors receive 55–65% of total plan allocation.
- Service sector exports have risen from $40 billion (2004–05) to $497.9 billion (2020–21).
Infrastructure Development in India
- Infrastructure is divided into economic (transport, energy, communication) and social (education, health) types.
- Development of infrastructure is crucial for the growth of all economic sectors.
- Infrastructure facilities are more developed in urban areas than in rural areas.
Transport, Energy, and Information Sectors
- Transport includes road, rail, air, and water; it connects people and goods across regions.
- Railways were introduced in 1853; now India has 19 railway divisions and metro systems in major cities.
- India has 12 major and 187 minor ports; water transport is cost-effective for heavy goods.
Key Concepts
Central concept: Tertiary Sector (Service Sector)
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