CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which sector was least affected by the COVID-19 pandemic, as per Economic Survey 2021-2022?
A
Mining
B
Agriculture
C
Construction
D
Services
Explanation: 

Detailed explanation-1: -Sectors most affected include construction, manufacturing, and contact-intensive services (i.e., trade, transport, and hospitality).

Detailed explanation-2: -Following a contraction of 7.3% in 2020-21, the Indian economy is expected to grow by 9.2% in real terms in 2021-22 (according to initial advanced projections). GDP is expected to grow in real terms by 8-8.5% in 2022-23.

Detailed explanation-3: -Sector-wise GDP of India The services sector accounts for 53.89% of total India’s GVA of 179.15 lakh crore Indian rupees. With GVA of Rs. 46.44 lakh crore, the Industry sector contributes 25.92%. While Agriculture and allied sector share 20.19%.

Detailed explanation-4: -The Economic Survey of India is an annual document released by the Ministry of Finance. It is usually presented in Parliament a day before the Union Budget. It is prepared by the Economics Division of the Department of Economic Affairs (DEA) under the guidance of the Chief Economic Advisor.

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