UPSC Prelims 2007·GS1·economy·economic sectors and development

Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India.?

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  1. AService- Industry- AgricultureCorrect
  2. BService-Agriculture-Industry
  3. CIndustry- Services-Agriculture
  4. DIndustry-Agriculture-Services

Explanation

The correct answer is A because of the structural composition of the Indian economy. The Services sector is the largest contributor, accounting for over 50 percent of Indias Gross Value Added. This includes sectors like banking, IT, trade, and transport. The Industrial sector, which includes manufacturing, mining, construction, and utilities, is the second largest contributor, typically providing around 25 to 28 percent of the GDP. The Agriculture sector, while employing the largest portion of the workforce, contributes the least to the GDP among the three, usually hovering around 15 to 18 percent. Therefore, the decreasing order of contribution is Services, followed by Industry, and finally Agriculture.
economy: Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the G

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