Question: As of 2023, which sector is the largest contributor to India\'s GDP? (2023)
Options:
Agriculture
Manufacturing
Services
Construction
Correct Answer: Services
Exam Year: 2023
Solution:
The services sector is the largest contributor to India\'s GDP as of 2023.
As of 2023, which sector is the largest contributor to India's GDP? (2023)
Practice Questions
Q1
As of 2023, which sector is the largest contributor to India's GDP? (2023)
Agriculture
Manufacturing
Services
Construction
Questions & Step-by-Step Solutions
As of 2023, which sector is the largest contributor to India's GDP? (2023)
Step 1: Understand what GDP means. GDP stands for Gross Domestic Product, which is the total value of all goods and services produced in a country.
Step 2: Learn about the different sectors of the economy. The main sectors are agriculture, industry, and services.
Step 3: Identify which sector contributes the most to India's GDP. Research shows that the services sector includes areas like IT, finance, healthcare, and tourism.
Step 4: Confirm that as of 2023, the services sector is indeed the largest contributor to India's GDP.
GDP Contribution by Sector – Understanding the different sectors of the economy (agriculture, industry, services) and their contributions to the Gross Domestic Product (GDP).
Current Economic Trends – Awareness of the latest economic data and trends, particularly regarding India's economic performance in 2023.
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