which ofthe following sector contribute maximum in deciding the growth of income in States in india?
Answers
Answer:
Explanation:
The one and the only sector that contributes to the maximum in deciding the growth of the income in States in the country India is the agricultural sector. Of course, everyone knows that India is known for its farming and other agricultural methods. So obviously this is the sector that contributes to the increase of growth in all the Indian states.
Answer:
Service sector contribute maximum in deciding the growth of income in States in India.
Explanation:
A total of 179.15 lakh crore Indian rupees, or 53.89 percent, of India's GVA is accounted for by the services sector. The Industry sector makes up 25.92% of the GVA, which is Rs. 46.44 lakh crore. While the agricultural and related sectors account for 20,19%. The GDP of the nation is significantly impacted by the service sector. In addition to creating a big number of jobs, it also considerably boosts the nation's economic performance through trade in services. India's economy is mostly driven by the services sector. In FY20, the sector's share of India's Gross Value Added at current prices was 55.39 percent. The liberalisation and several economic reforms that were started in 1991 are also responsible for the expansion of the Indian service industry.
Thus, Service sector plays a vital role in contributing the growth of income in States in India.