Which of the following statements is are true about the Indian Economy 1 nb...........

Economic Affairs Growth and Indicators

Which of the following statements is/are true about the Indian Economy?

1. Share of Organized sector in GDP is more than that of unorganized sector.

2. Total Workforce deployed in unorganized sector is more than the workforce deployed in organized sector.

Select the correct answer using the codes given below

1 only

2only

Both of the above

both are correct

The unorganised sector employs 94% of the workforce and produces 45% of the output. Of this, 48% work in the non-agriculture unorganised sector and they produce 30% of the GDP. 6% work in the organized sector and produce 55% of the GDP.

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As unorganized sector contributes less than 50 % in GDP, thus statement 1 should also be correct and the answer should be Option C

Sarthak Hans

rectified