Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:
During the reform period Post 1991, what happened to the growth of "Service sector"?
Options:
Growth rate decreased
Growth rate fluctuated
Growth rate increased
Growth rate was stagnant
Correct Answer:
Growth rate increased
Explanation:
During the reform period, the growth of agriculture had declined. While the industrial sectors reported fluctuation, the growth of service sector had gone up. This indicates that the growth was mainly driven by the growth in the service sector.