Which of the following is a major reason for the growth of the service sector in India?
A. Liberalisation, IT revolution and rising incomes
B. Decline in demand for services
C. Complete absence of industrial growth
D. Only agricultural growth
Answer: Option A
Solution (By JKSSB Mock Tests)
The service sector in India has grown rapidly due to economic liberalisation, the information technology revolution, rising incomes and global demand for services such as software and BPO.
Explanation:
Libertarian paternalism, the philosophical foundation of nudge theory, advocates interventions that improve welfare by guiding choices without restricting the set of available options.
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