Over the past several decades, the Indian economy has undergone a significant structural transformation. The share of the services sector in the country's national income (GDP) has risen dramatically and is now the largest contributor, while the share of the agricultural sector has declined substantially. The share of the manufacturing sector has remained relatively stagnant or has seen modest growth, but not a sharp decline.
Which one of the following statements is correct with respect to the composition of national income in India?
Asked in UPSC CDS 2 2016 · Topic: National Income & Gross Domestic Product (Sectoral Contribution to GDP: Trends and Analysis)
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Answer: B. The share of services sector has increased sharply.
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