- Services sector share in GVA reflects the development stage and economic structure of a country. - Developed economies like Spain usually have a very high share of services in their GVA. - Emerging economies like China and India have significant services sectors, but China traditionally had a larger industrial base, and India's services sector growth has been a key driver. Russia's economy has a large resource sector, but services are also substantial.
Consider the following countries: 1. China 2. Spain 3. India 4. Russia Which one of the following is the correct ascending order of the above countries in terms of their share of services sector to Gross Value Added (GVA) during the period 2001-2015?
Asked in UPSC CAPF 2018 · Topic: Tertiary Sector (Contribution of Services to GDP, Employment, and Exports)
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