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Business Studies

Economic Environment in India

Which one of ...

Question

Which one of the following is the correct sequence of economic sectors in terms of their contribution to the GDP of India in decreasing order?

A

Service-Industry-Agriculture

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B

Agriculture-Industry-Service

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C

Industry-Service-Agriculture

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D

Agriculture-Service-Industry

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Solution

The correct option is A Service-Industry-Agriculture
The contribution of different sectors in GDP is as below:
Service- 57.9%
Industry- 24.2%
Agriculture- 17.9%
India's GDP growth rate in 2016-17 was 7.11

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