Write about the contribution of industry to GDP. (acc. to the latest figures)
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The contribution of the IT sector to India’s GDP stood at 7.7 per cent in 2016.
In India, tertiary sector (also known as service sector) contributes maximum to the GDP (more than 60%). Although countries develop from agriculture to industries and then to services but in India service sector is more developed than industrial (secondary sector).
In India, tertiary sector (also known as service sector) contributes maximum to the GDP (more than 60%). Although countries develop from agriculture to industries and then to services but in India service sector is more developed than industrial (secondary sector).
zubiyamoin3:
m asking about manufacturing sector
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industry came in secondary sector of economy and also plays role in GDP of India.
but it doesn't as important as tertiary because the products which r made here r mostly works as raw material for the tertiary sectors.
the contribution of industries to the GDP has is 17% which goes till 27 % when we add the contribution of quarry, mining , electricity and gas is included.
The growth rate predicted for the next decades is 12% and it is at current going at about 9 to 10%
per annum.
National Manufacturing competitive councils (NMCC) has been set up by the government to increase the growth rate of industries.
but it doesn't as important as tertiary because the products which r made here r mostly works as raw material for the tertiary sectors.
the contribution of industries to the GDP has is 17% which goes till 27 % when we add the contribution of quarry, mining , electricity and gas is included.
The growth rate predicted for the next decades is 12% and it is at current going at about 9 to 10%
per annum.
National Manufacturing competitive councils (NMCC) has been set up by the government to increase the growth rate of industries.
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