Consider the following statements with reference to India 1 Service sector is larger in terms of GVA...........

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Consider the following statements with reference to India

1.Service sector is larger (in terms of GVA at current prices) than the primary and secondary sector.

2.Secondary sector provides more (in terms of number of employees) employment than tertiary sector.

Select the correct statements using the code below

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

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Explanation:

1 Only

Service sector is larger (in terms of GVA at current prices) than the primary and secondary sector: This statement is correct. In terms of Gross Value Added (GVA) at current prices, the service sector (tertiary sector) in India is larger than the primary and secondary sectors.

Secondary sector provides more (in terms of the number of employees) employment than the tertiary sector: This statement is incorrect. In India, the service sector (tertiary sector) is the largest employer, providing more employment than the secondary sector (industrial sector).

Therefore, the correct answer is "1 Only."

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