As an economy develops, there is a structural shift in the contribution of different sectors to the GDP. The share of the primary sector (agriculture) decreases, the share of the secondary sector (industry) initially increases and then may stabilize or decline, and the share of the tertiary sector (services) consistently increases.
As the economy develops, the share of the tertiary sector In the GDP:
Asked in UPPSC Upper Mains 2006 · Topic: Nature of Indian Economy (Sectoral Composition and Structural Transformation)
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