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Which sector contributed the most to India's GDP in 1947?

A.Manufacturing

BMining

CServices

DAgriculture

Answer:

D. Agriculture

Read Explanation:

In 1947, when India gained independence, the agriculture sector contributed the most to India's GDP, accounting for approximately 50%. At the time of independence, agriculture contributed about 50% of India’s GDP and employed nearly 70% of the workforce. The focus was on achieving self-sufficiency in food production.


Related Questions:

The net value of GDP after deducting depreciation from GDP is?
ഫാക്ടർ ചെലവിൽ GDP എന്തിനു തുല്യമാണ് ?
GDP - യുടെ ഘടക ചിലവ് ?

With reference to the Gross Domestic Product, which of the following statements is/are correct?

1. It is the value of the all-final goods and services produced within the boundary of a nation during one year period.

2. It is calculated by adding national private consumption, gross investment, government spending and trade balance.

Which statement is correct for nominal GDP?

i.Nominal GDP is calculated based on current prices.

ii.Nominal GDP is calculated based on the base prices.

iii.Data on Nominal GDP shows an accurate picture of the economy as compared to real GDP.