Correct option is C
The correct answer is: (c) Services
Explanation:
• The services sector is the largest contributor to India’s GDP.
• It contributes more than 50% of India’s GDP in recent years.
• Major components: IT, telecom, trade, finance, tourism, and real estate.
Information Booster:
• In 1950–51, agriculture dominated India’s GDP, but its share declined steadily.
• Industrial and manufacturing sectors grew after the Five-Year Plans.
• Economic reforms of 1991 boosted the services sector significantly.
• India is a global leader in IT and Business Process Outsourcing (BPO).
• Services sector drives both urban employment and foreign exchange earnings.
Additional Knowledge:
• Agriculture – Still the largest employer but contributes ~18% to GDP.
• Manufacturing – Contributes ~25% (target to increase under Make in India).
• Mining – Smallest contributor, around 2–3% of GDP.