GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gross income
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Gross Domestic Product
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Net Domestic Product
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Net income
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Detailed explanation-1: -2:The sum of production in the three sectors gives what is called GDP that is Gross Domestic Product of a country. It is the value of all final goods and services produced within a country during a particular year. Was this answer helpful?
Detailed explanation-2: -A very large number of goods and services are produced by the various production activities in the primary, secondary and tertiary sectors. The sum of production in the three sectors gives the Gross Domestic Product (GDP) of a country.
Detailed explanation-3: -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%.