Question

Explain the contribution of different sectors in Indian GDP and occupation. Compare it with

developed countries.

Answer 1

Thank you for this question. Please find below the answer: 

In India's economy, following is the the contribution of different sectors in Indian GDP and occupation:

(i) Agricultural Sector: 17%

(ii) Services Sector: 57% 

(iii) Manufacturing Sector: 26% 

Following is the comparison of the Indian GDP with developed countries;

(i) The annual average growth rate of GDP in India is 5.2 % while it is 9.1% in China

(ii) The annual average growth rate of GDP in India is 5.2% while it is 1.1%  in South Africa.

(iii) The United States has 46% more percentage of GDP as compared to India. 

Answer 2

Explain the contribution of different sectors in Indian GDP and occupation. Compare it withdeveloped countries.

               Answer:

In 2016 Agriculture and allied sectors contributed to 17% of GDP,

Industry sector contributed to 31% of GDP, and Services sector which forms the backbone of Indian economy contributed to 53% of GDP.

Among developed countries India ranked 7th as far as its GDP was concerned.

It reported a GDP of approx. $2 trillion.

US reported approx. $19 trillion, followed by China at approx. $11 trillion, and Japan at approx. $5trillion GDP.

Reference:

https://www.jagranjosh.com/general-knowledge/what-is-the-sectorwise-contribution-in-gdp-of-india-151...