Discuss the rising importance of service sector in contribution to gdp and employment generation in india in recent years
Answers
Answer:
Sector-wise contribution of GDP of India. Services sector is the largest sector of India. Gross Value Added (GVA) at current prices for Services sector is estimated at 92.26 lakh crore INR in 2018-19. Services sector accounts for 54.40% of total India's GVA of 169.61 lakh crore Indian rupees.
Answer:
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Explanation:
Answer
i)For each of the sectors that we came across in this chapter, one should focus on employment and GDP because these determine the development of a country in terms of its economic growth.
ii) A focus on employment and GDP helps determine two important things- per capita income and productivity.
iii) Hence, in each of the three sectors, employment rate and status, as well as its contribution to the GDP, help us understand how that particular sector is functioning and what needs to be done for its further growth.
iv) Other issues which should be examined are as follows:
Poverty,
Health-care facilities,
Education,
Food production, and
Advancement of technology etc