GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As the economy develops, the share of the teritary sector in the GDP:
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Decreases
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Decreases then Increases
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Increases
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Remains constant
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Explanation:
Detailed explanation-1: -Correct Option: C. As the economy develops, the share of the tertiary sector in the GDP increases.
Detailed explanation-2: -The main reason for the highest increase in GDP in the tertiary sector was that due to economic development, the income of people increased.
Detailed explanation-3: -Distribution of gross domestic product (GDP) across economic sectors in India 2021. In 2021, almost half of India’s GDP was generated by the services sector, a slight and steady increase over the last 10 years. Among the leading services industries in the country are telecommunications, IT, and software.
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