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  9. Q87

OPSC OCS 2024 · Question 87 of 99

Consider the following statements regarding the structural transformation of the Indian economy: India’s economic growth since the 1990s has been primarily led by the services sector, with a relatively smaller contribution from manufacturing. The “Make in India” initiative aims to increase the manufacturing sector’s share in GDP to 25% and create 100 million additional jobs by 2022. Despite rapid economic growth, the share of the agricultural sector in India’s GDP has consistently declined, while its share in employment remains significant. The phenomenon of “premature deindustrialization” in India refers to the services sector growing rapidly without a strong manufacturing base. Which of the above statements are correct?

Economy

  1. A1, 2 and 3 only
  2. B1, 3 and 4 onlyCorrect
  3. C2, 3 and 4 only
  4. DAll of the above

Answer: B. 1, 3 and 4 only

Explanation

Statement 1: True. Since the 1990s, India’s growth has been services-led , with IT, telecom, and finance contributing more than manufacturing.

Source: OPSC OCS Prelims 2024 GS Paper-I; answers per StudyIQ unofficial key

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