Economics • Indian EconomyEasy
In the calculation of India's National Income, which sector currently contributes the largest share to the Gross Value Added (GVA)?
A. Agriculture and allied sectors
B. Manufacturing and construction
C. Services sector✓ Correct Answer
D. Mining and quarrying
💡 Solution & Explanation
The services sector constitutes the largest share of India's Gross Value Added, significantly outpacing both agriculture and industrial manufacturing sectors. Agriculture continues to engage the largest share of the workforce despite contributing a smaller proportion of overall GVA. The tertiary sector encompasses diverse industries including financial services, information technology, and trade.
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