GK
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What was the share of Service Sector to GDP, in India on 1950-51 and 1990-91?
|
|
50%
|
|
|
28 %
|
|
|
40%
|
|
|
80%
|
Explanation:
Detailed explanation-1: -As a result, the services share in GDP went up by a spectacular 7.9 per cent in a single decade of the 1990s touching the mark of 48.5 per cent in 2000-01 while the sector took about four decades to improve its share by 12.6 per cent to 40.6 per cent in 1990-91 from 28.0 per cent in 1950-51.
Detailed explanation-2: -If we calculate from 1950-51, the share of the services sector has improved to 57.03%. Share of the Industry sector has also increased to 24.77%.
Detailed explanation-3: -Agriculture sector contributes around 55% of GDP in 1950-51, which has come down to 14% in 2011-12. Agriculture is included inn the primary sector of the economy. This sector employs bout 50% of the population of India.
There is 1 question to complete.