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Question

Which one of the following sectors of the Indian Economy got the highest growth in the term GDP contribution after the adoption of LPG model of economic development?

A
Agricultural Sector
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B
Fishing and Forestry Sector
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C
Mining and Quarrying Sector
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D
Services Sector
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Solution

The correct option is D Services Sector
Services sector has been the major contributor to GDP after the LPG model was implemented. Agriculture which contributed more than 50% to the country's GDP, stood at 17% as of 2013 while the contribution of services sector has grown to around 57%, registering the highest growth across all sectors.

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