SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tertiary sector
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Primary sector
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Service sector
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Tertiary or service sector
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Detailed explanation-1: -1973-74 and 2013-14, while production in all the three sectors has increased, it has increased the most in the tertiary sector. Reason : Tertiary sector is the only organized sector in the economy so the government spends a lot of money for creating jobs in tertiary sector.
Detailed explanation-2: -While the share of agriculture and allied activities in GDP has declined from 40 per cent in 1973-74 to less than 14 per cent in 2013-14, that of the services sector has risen to about 60 per cent through the same period.
Detailed explanation-3: -(iii) The tertiary sector has grown the most over forty years.
Detailed explanation-4: -The primary sector was the largest producing sector in 1973 because the primary sector had a 45% share in GDP because the majority of the population was involved in agriculture due to lack of economic development.