Economics • Economic BasicsEasy
Which of the following economic sectors contributes the largest share to Punjab's Gross State Value Added in recent years?
A. Tertiary or Services sector✓ Correct Answer
B. Primary agriculture sector
C. Extractive mining sector
D. Forestry and logging sector
💡 Solution & Explanation
The services sector constitutes the largest share of Punjab's Gross State Value Added, surpassing the traditional dominance of agriculture, driven by trade, transport, and real estate. Agriculture remains crucial for employment and raw material supply but ranks second in overall value addition. Mining and forestry contribute negligible shares to the state economy. Trade and commerce hubs located in Ludhiana, Jalandhar, and Amritsar anchor this service-sector dominance.
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