The services sector is a major contributor to India's economy in terms of GVA, employment, and foreign exchange earnings.
Considering the following statements about the service sector of India, choose the correct option. A. India is among top ten services exporter countries in 2020. B. Services sector is the largest recipient of FDI inflows in India in 2020-21. C. Due to COVID, services sector's share in India's GVA declined below 50 percent in 2020-21.
Asked in Senior Physical Education Teacher Exam 2022 · Topic: Tertiary Sector (Contribution of Services to GDP, Employment, and Exports)
More Economic Development questions
- Read the following statements with regard to state-wise analysis of service sector performance in India in Financial Year 2023 and select correct answer using codes given below: (i) Maharashtra accounts for more than 20 percent of total service sector gross state value added of all the states. (ii) Karnataka, Maharashtra, Tamil Nadu, Uttar Pradesh and Gujarat together, share more than 50 percent of total service sector gross state value added of all the states. Codes: (1) Only (i) is correct. (2) Only (ii) is correct. (3) Both (i) and (ii) are correct. (4) Neither (i) nor (ii) is correct. (5) Question not attempted
- Which of the following statement is true? (A) Chandigarh reported highest share of services in GSVA while Sikkim remained lowest during the year 2020-21 in all Union Territories of India. (B) Maharashtra & Karnataka are the top two contributors to services GSVA during the year 2020-21 in all the states of India. Choose the correct answer :
- Which of the following sector attracted highest FDI equity inflow during 2020-21 and 2021-22 (H₁)?
- Which sector contributes maximum share in the National Income of India?
- India gets the largest share of its G.D.P. from which of the following sectors?
- 56 What was the share of service sector in India's Gross Value Added (GVA) in the year 55.2%
- When there is an increase in economic development, the share of the tertiary sector in National Income will -
- Which sector, was the least impacted by the pandemic (COVID-19) situation and has shown a positive growth in India ?