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
• B. Only 2
• C. Both 1 and 2
• D. Neither 1 nor 2

Answer 1

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.