State the reasons for giving importance to service sector at present?

Question: State the reasons for giving importance to service sector at present?

The service sector has become increasingly important in the present era due to several reasons. Firstly, it provides higher employment opportunities as compared to the traditional manufacturing sector. Secondly, services are often less resource-intensive and more eco-friendly. Thirdly, the service sector plays a crucial role in promoting innovation and technological advancements. Finally, the service sector is often associated with higher value addition and revenue generation, contributing significantly to a country's economic growth.

Rjwala

Rjwala is your freely Ai Social Learning Platform. here our team solve your academic problems daily.