Correct option is C
The Service sector is the largest contributor to India's Gross Domestic Product (GDP). Over the past few decades, the Indian economy has seen a structural transformation, with the services sector consistently contributing more than 50% to the country’s GDP. This sector includes industries like information technology, telecommunications, hospitality, banking, insurance, healthcare, education, and trade.
Key factors for the dominance of the services sector include:
Growth of IT and software services: India has emerged as a global hub for IT and business process outsourcing (BPO) services.
Financial services and telecom: Rapid growth in banking, insurance, and telecommunications also contributed significantly to GDP.
Tourism and hospitality: The tourism industry continues to provide substantial income through both domestic and international visitors.
