ECONOMICS (CBSE/UGC NET)

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ECONOMICS

HUMAN CAPITAL

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Indian agriculture contribution to the national gross domestic product (GDP) is about ____ per cent.
A
10
B
25
C
50
D
75
Explanation: 

Detailed explanation-1: -With GVA of Rs. 46.44 lakh crore, the Industry sector contributes 25.92%. While Agriculture and allied sector share 20.19%.

Detailed explanation-2: -The majority of the country’s population depends on agriculture for their livelihood. The agriculture sector contributes roughly 14% of the country’s total GDP.

Detailed explanation-3: -In 2021, agriculture, food, and related industries contributed 5.4 percent to U.S. gross domestic product and provided 10.5 percent of U.S. employment; Americans’ expenditures on food amount to 12 percent of household budgets on average.

Detailed explanation-4: -In 2021, the share of agriculture in the Philippines’ gross domestic product was 10.07 percent, industry contributed approximately 28.89 percent and the services sector contributed about 61.05 percent.

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