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Question

Consider the following statements:
1. About one-third of GDP in India is contributed by the agricultural sector.
2. More than 60% of the country's GDP is contributed by the service sector.
Which of the statements given above is/are correct?

A
Only 1
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B
Only 2
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C
Both 1 and 2
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D
Neither 1 nor 2
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Solution

The correct option is D Neither 1 nor 2
While agriculture and allied services contribute close to 17% to the GDP, share of services sector is around 59% (in 2013) up from 30% in 1951-52. Contribution of agriculture has dropped from 51% in 1951-52 due to the rapid growth in services sector and reduced dependence of the country on agriculture for economic growth.

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