![if !IE]> <![endif]>
Contribution of different sectors in GDP of India
Services sector is the largest sector of India. Gross Value Added (GVA) at current prices for Services sector is estimated at 92.26 lakh crore in 2018-19.
India is 2nd largest producer of agricultural products. India accounts for 7.39 percent of total global agricultural output.
In Industrial sector, India's world rank is 6 and in Service sector, India's world rank is 8. Contribution of Agriculture sector in Indian economy is much higher than world's average (6.4%). Contribution of Industry and Services sector is lower than world's average 30% for Industry sector and 63% for Services sector.
Gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy.
GVA = GDP + subsidies - (direct, sales) taxes.
Copyright © 2018-2023 BrainKart.com; All Rights Reserved. Developed by Therithal info, Chennai.