Sectoral GDP Contribution Trend

IE-IFS An Overview of Indian Economy Free JAIIB Capsule 103 views Updated
Capsule FREE
IE-IFS · An Overview of Indian Economy
Which sector currently dominates the Indian economy's GDP?
Tap to flip and reveal the answer
The services (tertiary) sector has largely replaced the industrial sector.
Agriculture's share declined from 26.9% in 1990 to under 18%, while services grew to dominance.
103 views

Sectoral GDP Contribution Trend — Full Text

Which sector currently dominates the Indian economy's GDP?

Answer

The services (tertiary) sector has largely replaced the industrial sector.

Additional notes

Agriculture's share declined from 26.9% in 1990 to under 18%, while services grew to dominance.

Part of Indian Economy & Indian Financial System · An Overview of Indian Economy · Last updated

Comments (0)

Login to post a comment.

No comments yet. Start the discussion!

Related JAIIB IE-IFS Capsules

Capsule FREE
How does the World Bank classify the Indian economy?
Lower-middle income economy based on per capita income.
Capsule FREE
What is India's global GDP ranking in terms of Purchasing Power Parity (PPP)?
India is the 3rd largest economy in the world in terms of PPP.
Capsule FREE
Who coined the term 'Hindu Rate of Growth' and what does it mean?
Prof. Raj Krishna coined it to describe the slow 3.5% annual growth rate.
Capsule FREE
What were 'Home Charges' during the British control of India?
Colonial government's official transfers of monies to the United Kingdom.
Capsule FREE
Which sector suffered the most severe contraction during the COVID-19 pandemic?
Contact-intensive services, trade, hotels, and transport sectors.
Capsule FREE
Who published the first estimates of national income in India?
Dadabhai Naoroji in his book 'Poverty and Un-British Rule in India'.
App Icon
Install ClearShorts App
Study offline, anytime