Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India.?
A
Service- Industry- Agriculture
B
Service-Agriculture-Industry
C
Industry- Services-Agriculture
D
Industry-Agriculture-Services
Correct Answer: Option A
Explanation
1. The Gross Domestic Product (GDP) of India represents the total value of goods and services produced within the country's borders.
2. It is typically categorized into three main sectors: Agriculture (and allied activities), Industry (manufacturing, construction, mining, etc.), and Services.
3. For many years, including around 2007, the decreasing order of contribution to India's GDP has been: Services (largest contributor) > Industry > Agriculture (smallest contributor).