Which of the following sectors contributes the most to India's GDP?
Show answer & explanation
Correct answer: C
Explanation
Answer: Services sector
Explanation: The economy of India is largely service-driven today.
Sector-wise contribution to GDP:
Services sector → Highest contribution (~50–55% or more)
Manufacturing → Moderate contribution
Agriculture → Smaller share in GDP but large employment base
Mining → Very small share
The dominance of services is due to:
IT and software industry
Banking and financial services
Telecom and communication
Trade, tourism, and logistics
Additional Key Facts
India is often called a “service-led economy”
Major IT hubs: Bengaluru, Hyderabad and Pune
Services sector growth is driven by globalization and digital economy
Despite lower GDP share, agriculture still employs the largest population
Potential Exam Questions and Answers
Q. India is known as what type of economy today?
Ans: Service-led economy