GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In 2013-14, the sector that contributed highest to the GDP was
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Primary
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secondary
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tertiary
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None of the above
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Explanation:
Detailed explanation-1: -The correct answer is 50 to 60. Tertiary Sector/Service Sector: In terms of GDP, the share of the tertiary sector in 2013-14 is between 50 to 60 per cent. This sector’s activities help in the development of the primary and secondary sectors.
Detailed explanation-2: -Gross Domestic Product GDP at factor cost at current prices in the year 2013-14 is estimated at ‘104.73 lakh crore, showing a growth rate of 11.5 percent over the First Revised Estimates of GDP for the year 2012-13 of ‘ 93.89 lakh crore, released on 31th January 2014.
Detailed explanation-3: -The main reason for the highest increase in GDP in the tertiary sector was that due to economic development, the income of people increased.
There is 1 question to complete.