Which sector contributes the highest share to India's Gross Domestic Product (GDP) as per the latest estimates?
Answer
C) Tertiary sector
The correct answer is C) Tertiary sector — Select the option that corresponds to the tertiary sector.
Step-by-step solution
- Recall the latest data on sectoral shares of GDP.
- The primary sector contributes about 17%, the secondary sector about 23%, and the tertiary sector about 60% of GDP.
- Since 60% is the largest share, the tertiary sector contributes the highest share.
- Select the option that corresponds to the tertiary sector.
Common mistake: Choosing the secondary sector because manufacturing is often highlighted in news.
Concept tested: Sectoral contribution to GDP
Published · How this solution was prepared and checked
Related questions
- 1 The current Gross Domestic Product (GDP) of India is Rs 200 lakh crore. The secondary sector (manufacturing and construction) contributes 23% of the GDP. The contribution of the secondary sector is expected to grow at a compounded rate of 5% per year. What will be the projected monetary contribution of the secondary sector to GDP after 2 years? Give your answer in Rs lakh crore, rounded to two decimal places.
- 2 India’s GDP is Rs 250 lakh crore. The tertiary sector currently contributes 54% of GDP. If its share is expected to increase by 1.5 percentage points each year for the next 3 years, what will be the monetary contribution of the tertiary sector after 3 years? Give your answer in Rs lakh crore, rounded to two decimal places.
- 3 Which of the following activities belongs to the secondary sector of the Indian economy?
- 4 India's total workforce is 520 million. 52% of the workforce is employed in the primary sector, 29% in the secondary sector and the rest in the tertiary sector. How many persons are employed in the primary sector? Express your answer in millions.
- 5 Which of the following activities is part of the tertiary (service) sector of the Indian economy?
- 6 List three characteristic features of the primary sector of the Indian economy.