GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which sector has the largest contribution in GDP?
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Agriculture sector
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Industrial sector
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Service sector
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Manufacturing sector
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Explanation:
Detailed explanation-1: -The service sector, also called the tertiary sector contributes most of the GDP in India.
Detailed explanation-2: -It provides employment to the educated and skilled youth of the nation and contributes a significant proportion to the country’s GDP and GVA. Besides, the service sector employs people even during economic crises because the need for skilled workers remains the same when the economy struggles.
Detailed explanation-3: -Tertiary sector mainly deals with services. Hence, tertiary sector is also known as service sector of the economy. Service sector is the largest contributor to GDP in India.
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