Since 1980, the share of the tertiary sector in the total GDP of India has

examrobotsa's picture

Submitted by examrobotsa on

Q: 95 (IAS/1999)
Since 1980, the share of the tertiary sector in the total GDP of India has

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,141,14,141,4,5,5

keywords: 

{'tertiary sector': [0, 1, 0, 1], 'total gdp': [0, 1, 0, 0], 'trend': [0, 2, 1, 2], 'india': [8, 1, 7, 13]}

Since 1980, the share of the tertiary sector in the total GDP of India has shown an increasing trend.

The tertiary sector, also known as the service sector, includes activities such as trade, finance, tourism, telecommunications, healthcare, and education. Over the years, there has been a significant shift in the Indian economy from the primary (agriculture) and secondary (manufacturing) sectors towards the tertiary sector.

This shift is a result of various factors, including economic reforms, globalization, and technological advancements. The growth of services industries, such as IT and business process outsourcing (BPO), has played a significant role in the expansion of the tertiary sector.

As a result, the share of the tertiary sector in India`s GDP has been consistently increasing since 1980. This indicates the growing importance and contribution of services in the Indian economy.

Practice this on app