During the last three financial years growth rate of Gross Value Addition GVA at basic price at Cons...........

Economic and Social Issues Nature of Indian economy

During the last three financial years, growth rate of Gross Value Addition (GVA) at basic price at Constant (2011-12) prices has been highest on an average for which of the following sectors?

Agriculture

Services

Mining & quarrying

Manufacturing

छोटे Courses बड़े Results

Master Nature of Indian economy

Prepare through Micro-courses

Try Now

Explanation:

- Agriculture: Generally shows steady growth. However, it is not usually the highest in terms of GVA growth compared to other dynamic sectors like services or manufacturing.

- Services: Encompasses industries like IT, finance, hospitality, etc. Known for robust growth in recent years, driven by technological advancements and globalization.

- Mining & Quarrying: Experiences fluctuations based on commodity prices and demand. It's less volatile in terms of growth compared to agriculture but not as high as services or manufacturing.

- Manufacturing: A vital industrial sector showing considerable growth due to industrial demand and export growth but faces challenges like supply chain issues.

- Correct Answer: Services