Question

The structural shift from primary to tertiary sector and it contributed maximum to the GDP in 1990. What indication does it give about the country’s economic development ?

Answer 1

Answer:

Sector-wise Contribution of GDP in India

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%.

It is worth mentioning that agriculture sector has maximum share by working force at near 53% while services and secondary sectors shares are near 29% and 18% respectively.

Explanation:

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