How much was the share of tertiary sector in employment percentage in 2011-12?
Answers
Answer:
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. With GVA of Rs. 50.43 lakh crore, Industry sector contributes 29.73%. While, Agriculture and allied sector shares 15.87%.
At 2011-12 prices, composition of Agriculture & allied, Industry, and Services sector are 14.39%, 31.46%, and 54.15%, respectively.
Share of primary (comprising agriculture, forestry, fishing and mining & quarrying), secondary (comprising manufacturing, electricity, gas, water supply & other utility services, and construction) and tertiary (services) sectors have been estimated as 18.57 per cent, 27.03 per cent and 54.40 per cent.
According to CIA Fact-book sector wise Indian GDP composition in 2017 are as follows : Agriculture (15.4%), Industry (23%) and Services (61.5%). With production of agriculture activity of $375.61 billion, India is 2nd larger producer of agriculture product. India accounts for 7.39 percent of total global agricultural output. India is way behind china which has $991 bn GDP in agriculture sector. GDP of Industry sector is $560.97 billion and world rank is 6. In Services sector, India world rank is 8 and GDP is $1500 billion.
Contribution of Agriculture sector in Indian economy is much higher than world's average (6.4%). Contribution of Industry and Services sector is lower than world's average 30% for Industry sector and 63% for Services sector.
At previous methodology, composition of Agriculture & allied, Industry, and Services sector was 51.81%, 14.16%, and 33.25%, respectively at current prices in 1950-51. Share of Agriculture & allied sector has declined at 18.20% in 2013-14. Share of Services sector has improved to 57.03%. Share of Industry sector has also increased to 24.77%
Explanation: