Current Affairs

GK MCQs Section
Q. Consider the following:
  1. The services sector contributes about 55% of India's GDP.
  2. It employs nearly 30% of India's workforce.
  3. India's development is termed a "tertiary revolution" due to services leapfrogging manufacturing.
  4. The services sector has created large-scale employment for low-skilled workers, similar to manufacturing.
Which of the above statements is / are correct?
Answer: 1, 2 and 3 only
Notes: Statements 1, 2, and 3 are correct: the services sector forms nearly 55% of GDP, employs around 30% workforce, and India is known for leapfrogging into services, described as "tertiary revolution." Statement 4 is incorrect; services have not generated mass low-skilled jobs like manufacturing, with growth concentrated in high-skill fields such as IT and finance.
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📌 Question Number: 51 in History of Indian Economy, Features, Economic Policy and Planning in the above course in App.