What was the approximate percentage contribution of the industrial sector to GDP in 1950-51 ?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 11.8.
- The proportion of GDP contributed by the industrial sector increased in the period from 11.8% in 1950-51 to 24.6% in the year 1990-1991.
- The rise in the industry's share of GDP is an important indicator of development. No longer was Indian industry restricted largely to cotton textiles and jute. The industrial sector became well diversified by 1990, largely due to the public sector.