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?
[amp_mcq option1=âElectricity, gas, water supply and other utility servicesâ option2=âTrade, hotel, transport, communication and services related to broadcastingâ option3=âPublic administration, defence and other servicesâ option4=âFinancial, real estate and professional servicesâ correct=âoption2âł]
This question was previously asked in
UPSC CAPF â 2021
The correct answer is (B) Trade, hotel, transport, communication and services related to broadcasting.
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 âTrade, Hotels, Transport, Communication & Services related to broadcastingâ consistently contributed significantly to the overall growth and increased share of the services sector in the economy. While âFinancial, real estate and professional servicesâ (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.