2021 · Q59
The sectoral shares of Gross Value Added (GVA) for the year 2009–10 to 2018–19 show that the share of service sector in GVA in India has increased over the years. Which among the following have driven the maximum increase?
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- AElectricity, gas, water supply and other utility services
- BTrade, hotel, transport, communication and services related to broadcasting
- CPublic administration, defence and other services
- DFinancial, real estate and professional services
Explanation
Between 2009-10 and 2018-19 the services sector's share of GVA rose, and within services the sub-sector 'financial, real estate and professional services' recorded the largest increase in its share — rising by roughly five percentage points, well ahead of trade/transport/communication, public administration and utility services. It is also the single largest services sub-sector in India's GVA. Hence it drove the maximum increase.