Question : Which sector contributes the most to India's GDP?
Option 1: Agriculture
Option 2: Manufacturing
Option 3: Services
Option 4: Construction
Correct Answer: Services
Solution : The correct answer is (c) Services
The services sector is the largest contributor to India's GDP. It encompasses various industries such as banking, finance, insurance, telecommunications, IT and IT-enabled services, trade, hospitality, transport, real estate, education, healthcare, and other professional services.
Over the years, the services sector has experienced significant growth and has become a dominant driver of India's economy. It has surpassed the contributions of the agriculture and manufacturing sectors in terms of GDP share. The services sector plays a crucial role in generating employment, attracting foreign investment, and contributing to overall economic development.
India's services sector has gained a reputation for its skilled workforce, outsourcing capabilities, and emerging technology sectors. It has become a key player in the global market, providing services to domestic and international clients.
While the agriculture and manufacturing sectors also make substantial contributions to the Indian economy, the services sector holds the highest share in GDP and is a major contributor to employment and income generation.
