The contribution made by different sectors in GDP is called as
Answers
Answer:
The GDP of a country is derivedfrom the different sectors of theeconomy, namely the agriculturalsector, the industrial sector and theservice sector. The contributionmade by each of these sectors makesup the structural composition ofthe economy. In some countries,growth in agriculture contributesmore to the GDP growth, while insome countries the growth in theservice sector contributes more toGDP growth
Explanation:
The GDP of a country is derivedfrom the different sectors of theeconomy, namely the agriculturalsector, the industrial sector and theservice sector. The contributionmade by each of these sectors makesup the structural composition ofthe economy. In some countries,growth in agriculture contributesmore to the GDP growth, while insome countries the growth in theservice sector contributes more toGDP growth
Answer:
Industry Sector: This sector includes 'Mining & quarrying', Manufacturing (Registered & Unregistered), Gas, Electricity, Construction, and Water supply. This is also known as the secondary sector of the economy. Currently, it is contributing around 29.6 % of the Indian GDP (at current prices) in 2018-19.
Explanation: