Explain the meaning of GDP. Assess the contribution of secondary and tertiary sectors to the GDP of India.
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(i) Gross Domestic Product (GDP) refers to the money value of final goods and services produced in each sector.
(ii) (a) The contribution of secondary sector to the Gross Domestic Product (GDP) in India is about 24%.
(b) The contribution of tertiary sector to the Gross Domestic Product (GDP) in India is about 53%.
GDP IS THE TOTAL GROWTH OR LOSS TAKE PLACE IN ONE YEAR IN ANY COUNTRY.IT IS VERY IMPORT UNIT TO DECIDE THE GROWTH OF ANY COUNTRY.TERTIARY SECTORS AND SECONDARY SECTOR ARE VERY IMPORTANT IN GDP OR GROWTH IN ANY COUNTRY.
(ii) (a) The contribution of secondary sector to the Gross Domestic Product (GDP) in India is about 24%.
(b) The contribution of tertiary sector to the Gross Domestic Product (GDP) in India is about 53%.
GDP IS THE TOTAL GROWTH OR LOSS TAKE PLACE IN ONE YEAR IN ANY COUNTRY.IT IS VERY IMPORT UNIT TO DECIDE THE GROWTH OF ANY COUNTRY.TERTIARY SECTORS AND SECONDARY SECTOR ARE VERY IMPORTANT IN GDP OR GROWTH IN ANY COUNTRY.
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Answer:
(a)contribution of secoundary sector to the GDP in india is about 24%
(b)the contribution of tertiary sector to the GDP in india is about 53%
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