Which one of the following is the correct sequence of GDP composition by sector in India?

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Q: 111 (CDS-II/2006)
Which one of the following is the correct sequence of GDP composition by sector in India?

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,99,37,99,13,12,12

keywords: 

{'gdp composition': [0, 0, 1, 0], 'sector': [0, 0, 0, 1], 'agriculture': [5, 1, 0, 6], 'industry': [4, 6, 11, 27], 'india': [8, 1, 7, 13], 'services': [0, 0, 7, 17]}

Option 1, "Services > Industry > Agriculture," is the correct sequence of GDP composition by sector in India.

In India, the services sector contributes the most to the country`s GDP. This sector includes industries such as banking, finance, hospitality, healthcare, education, and information technology. The services sector has been growing steadily over the years and is a significant driver of economic growth in India.

The industry sector, which includes manufacturing, construction, and mining, is the second-largest contributor to India`s GDP. It plays a crucial role in providing employment and producing goods and services for both domestic consumption and export.

The agriculture sector, although employing a significant portion of the population, contributes the least to India`s GDP. This sector includes farming, forestry, fishing, and livestock. Agriculture in India faces challenges such as limited access to modern technology, irrigation facilities, and fluctuations in weather conditions.

It is important to note that while Option 1 is the correct answer for the current GDP composition by sector in India, the relative contributions of these sectors can change over time as the economy evolves.

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