Question

In terms of GDP the share of service sector in 2009-10 was
(i) between 20 to 30 per cent
(ii) between 30 to 40 per cent
(iii) between 50 to 60 per cent
(iv) 70 per cent

Answer 1

Option iii) is a correct answer of this question.....

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Answer 2

Answer:

In terms of GDP, the share of the service sector in 2009-10 was between 20 to 30 percent.

Explanation:

Due to the global recession, the growth of the services sector slowed down in 2009-10. The services sector is the most dominant sector and a major contributor to India’s GDP. It attracts a lot of foreign investment and has contributed a lot towards exports.  

It has been a large provider of employment in the country. The services sector in India covers a lot of activities under hospitality sector, trading, Communication, transportation, finance, real estate, business services, and so many more areas.