Consider the contributions and challenges of the Services Sector in India: The Services sector is the largest contributor to India’s GDP and has been the primary driver of economic growth in recent d…

Question

Consider the contributions and challenges of the Services Sector in India: The Services sector is the largest contributor to India’s GDP and has been the primary driver of economic growth in recent decades. Despite its large share in GDP, the services sector’s share in total employment is significantly lower than that of agriculture. The growth in services has often been termed “jobless growth” in the formal sector, leading to a rise in informal service sector’s employment. Digitalization and the rise of the IT/ITeS sector have further solidified India’s position as a global service hub, but the benefits are not uniformly distributed across the workforce. Which of the above statements are correct?

PYQPulse · Accepted Answer

All of the above

PYQPulse · Answer

Explanation: All four statements regarding India’s Services Sector are correct. The services sector contributes the largest share of GDP , over 50%, and has been the main driver of India’s economic growth since the 1990s.

Answer: D. All of the above

Explanation

Answer: D. All of the above

Explanation