Consider the following countries 1 China 2 Spain 3 India 4 Russia Which one of the following is the ...........

Indian Economic System Economy

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Consider the following countries :

1. China

2. Spain

3. India

4. Russia

Which one of the following is the correct ascending order of the above countries in terms of their share of services sector to Gross Value Added (GVA) during the period 2001-2015?

This questions was previously asked in

CAPF 2018 Paper-1

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1, 2, 3, 4

1, 3, 4, 2

1, 2, 4, 3

1, 3, 2, 4

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Explanation:

Services sector is the largest sector of the world as 63 percent of total global wealth comes from services sector. United States is the largest producer of services sector with around 15.53 trillion USD. Services sector is the leading sector in 201 countries/economies. 30 countries receive more than 80 percent of their GDP from services sector. Chad has lowest 27% contribution by services sector in its economy.

Gibraltar has 100% of GDP in services sector, other two sectors has zero output.

China : 52% share of GDP comes from service sector.

India: 61 % share comes from service sector.

Russia: 62% comes from service sector.

Spain : 71% share comes from service sector.