Which one of the following statements is correct with respect to the composition of national income in India?
The share of manufacturing sector has declined.
The share of services sector has increased sharply.
The share of agriculture has remained static.
The share of services sector has declined.
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CDS-2 – 2016
Over the past several decades, the Indian economy has undergone a significant structural transformation. The share of the services sector in the country’s national income (GDP) has risen dramatically and is now the largest contributor, while the share of the agricultural sector has declined substantially. The share of the manufacturing sector has remained relatively stagnant or has seen modest growth, but not a sharp decline.