Compare the contribution to GDP of the 1st 2nd and 3rd sectors of the economy based on the data of the last 5 years.
Dear Student,
As per the data available , kindly refer the following points:
a. For GDP, the contribution of primary sector has been , 15% , for secondary it has been 26% of GDP and for service sector it has been 57% ( 2012 -13 data)
b. The service sector has maximum contribution to country's GDP
c.Further, the contribution in the year 2013-14 has been : Primary sector 17% (2014), secondary sector accounts for 26% of GDP ( 2013 ) .
d. As per the report tabled in 2015-16, the contribution of Primary sector has been 17.4 %.
e. The contribution of secondary sector has been 28% .
f. As per the data available of the contribution of the service sector has been significant and dominant. It rather contributed 66.1% to its Gross Value Added growth in the year 2015-16.
g. The importance and contribution of service sector has grown significantly because of increased demands of services which it provides like banking,education, transportation, medical which are considered as basic essential service. Development in agriculture and industry have also increased the importance of service sector.
Regards
As per the data available , kindly refer the following points:
a. For GDP, the contribution of primary sector has been , 15% , for secondary it has been 26% of GDP and for service sector it has been 57% ( 2012 -13 data)
b. The service sector has maximum contribution to country's GDP
c.Further, the contribution in the year 2013-14 has been : Primary sector 17% (2014), secondary sector accounts for 26% of GDP ( 2013 ) .
d. As per the report tabled in 2015-16, the contribution of Primary sector has been 17.4 %.
e. The contribution of secondary sector has been 28% .
f. As per the data available of the contribution of the service sector has been significant and dominant. It rather contributed 66.1% to its Gross Value Added growth in the year 2015-16.
g. The importance and contribution of service sector has grown significantly because of increased demands of services which it provides like banking,education, transportation, medical which are considered as basic essential service. Development in agriculture and industry have also increased the importance of service sector.
Regards