As per RBI, in India, services sector accounted for ___________ of the GDP in the 1980s
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 40 percent.
As per RBI data, in the 1980s, the services sector accounted for approximately 40% of India's GDP. During this period, the services sector began to grow significantly, contributing a substantial portion to the country's economic output. This growth marked a shift from the earlier predominant focus on agriculture and industry, highlighting the increasing importance of services such as trade, finance, and transportation in driving India's economic development.