Question

How far is it correct to say that in recent past , India has experienced some significant changes in the contribution of GDP service sector? Explain.

Answer 1

Answer:

The service sector is considered to be the blood and lifeline of the Indian economy.

Explanation:

• In terms of GDP, the service sector has played a major role in improving the GDP of the country.
• With the advent of the 21st century, the share of the service sector is more than 50 in the GDP of India.  
• As the income of the people is improving, the demands for products and services is also increasing.