Multiple Choice Questions on What is the contribution of Service sector to GDP of India ........ for General Studies (Level 1) Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    What is the contribution of Service sector to GDP of India?

    65.43%

    Incorrect Answer

    55.39%

    Incorrect Answer

    36.54%

    Correct Answer

    40.64%

    Incorrect Answer
    Explanation:

    - 65.43% (Option 1): This is closer to recent estimates, where the service sector has contributed approximately 60-65% to India's GDP, as it is the largest sector in the Indian economy.

    - 55.39% (Option 2): While this is a significant contribution, it is lower than the more recent estimates for the service sector's contribution to GDP.

    - 36.54% (Option 3): This is too low compared to the actual contribution of the service sector to the GDP.

    - 40.64% (Option 4): This also underestimates the service sector's contribution.


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