The correct answer is (b). The share of service sector in India’s GDP is 54.2% as of 2020.
(a) Its share of world population is only 16% but its share of world GDP is 1.6%. This is true. India has a population of 1.38 billion people, which is about 16% of the world’s population. However, its GDP is only about $2.9 trillion, which is about 1.6% of the world’s GDP. This means that India’s GDP per capita is relatively low, at about $2,100.
(c) 58% of its working population is engaged in agriculture, but the contribution of agriculture to the national income is 22%. This is also true. About 58% of India’s workforce is employed in agriculture, but agriculture only contributes about 22% to the country’s GDP. This means that India’s agricultural sector is relatively inefficient, and that many people are employed in agriculture who could be more productive in other sectors of the economy.
(d) India occupies only 2.4% of the world’s geographical area. This is also true. India has a land area of about 3.287 million square kilometers, which is about 2.4% of the world’s land area.
Therefore, the only statement that is not true of the Indian Economy is (b). The share of service sector in India’s GDP is 54.2% as of 2020.