What is the share of tertiary sector in GDP in 2011-12 is about 60 degree
Answers
The IT industry continues to be the largest private-sector employer in India. India is the third-largest start-up hub in the world with over 3,100 technology start-ups in 2014–15. The agricultural sector is the largest employer in India's economy but contributes to a declining share of its GDP (17% in 2013–14).
Currently this sector is the backbone of the Indian economy and contributing around 53 .66% of the Indian GDP. According to 2016-17 economic survey the contribution of three sectors are: Agriculture sector: 17.32% Industry sector: 29.02%
59.1% is the share of tertiary sector in GDP in 2011-12
Explanation:
Tertiary sector in India known as service sector which accounts for transportation, banking, trade and other services which provides employment in India. This sector plays very important role in boosting the economy because it is the largest contributer among all the three sectors such as primary and secondary sector.
59.1% was contributed by tertiary sector in total GDP of India for the financial year of 2011-2012.
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What is tertiary sector and why it is called so
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