WBCS.LIVE practice question
Which sector contributes the most to India's Gross Value Added (GVA)?
Solve this multiple-choice question and check the correct answer with its explanation below.
Answer options
Correct answer and explanation
Correct answer: Services
Explanation: ā Correct Answer: C) Services š Explanation: The Services sector is the largest contributor to India's economy, accounting for more than 50% of the Gross Value Added (GVA). It includes activities such as trade, hotels, transport, communication, banking, insurance, and real estate. While the agriculture sector employs the most people, the services sector generates the most economic output.