Hayat Ashraf

The tertiary sector, also known as the service sector, is a crucial component of the Indian economy. It encompasses a wide range of activities that involve the provision of services to individuals, businesses, and the government. Here are key aspects of the tertiary sector in the Indian economy: 1. Retail and Wholesale Trade: The retail and wholesale trade sector plays a significant role in the Indian economy. It includes various businesses such as supermarkets, convenience stores, e-commerce platforms, and wholesale distributors. This sector contributes to the distribution of goods and services, generates employment, and supports consumer demand. 2. Banking and Financial Services: The banking and financial services sector comprises commercial banks, non-banking financial companies, insurance providers, mutual funds, and other financial institutions. This sector facilitates the mobilization of savings, provides credit, supports investment and capital formation, and promotes financial i...