GPSC Material for Economics
Table of Content (toc)
India has one of the fastest growing service sectors in the world with an annual growth rate above 9% since 2001, which contributed to 57% of GDP in 2012–13. India has become a major exporter of IT services, Business Process Outsourcing(BPO) services, and software services with $154 billion in revenue in FY 2017.
This is the fastest-growing part of the economy. The IT industry continues to be the largest private-sector employer in India. India is the third-largest start-up hub in the world with over 3,100 technology start-ups in 2014–15. The agricultural sector is the largest employer in India's economy but contributes to a declining share of its GDP (17% in 2013–14).
India ranks second worldwide in farm output. The industry of manufacturing sector has held a steady share of its economic contribution (26% of GDP in 2013–14). The Indian automobile industry is one of the largest in the world with an annual production of 21.48 million vehicles (mostly two and three-wheelers) in 2013–14. India had $600 billion worth of retail market in 2015 and one of the world's fastest-growing e-commerce markets.
DGPSC Materials For Economics In Gujarati
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For GPSC |
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Bharat Ma Aarthik Ayojan By Ramani |
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Economics By Liberty |
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Indian Economics |
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