The sectoral shares of Gross Value Added (GVA) for the year 2009-10 to 2018-19 show that the share of service sector in GVA in India has increased over the years. Which among the following have driven the maximum increase?
Electricity, gas, water supply and other utility services
Trade, hotel, transport, communication and services related to broadcasting
Public administration, defence and other services
Financial, real estate and professional services
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CAPF – 2021
Analysis of Gross Value Added (GVA) data for the services sector in India during the period 2009-10 to 2018-19 indicates that the sub-sector comprising ‘Trade, Hotels, Transport, Communication & Services related to broadcasting’ consistently contributed significantly to the overall growth and increased share of the services sector in the economy. While ‘Financial, real estate and professional services’ (Option D) also showed strong growth, the combined categories in option B often accounted for a larger portion of the absolute increase in GVA within the services sector during this specific decade, driven by expanding domestic consumption, improved connectivity, and infrastructure development.