CA Foundation · Business Economics · Indian Economy
In a year, the GVA of an economy is ₹300 lakh crore, of which the primary sector contributes ₹54 lakh crore and the secondary sector ₹72 lakh crore. What is the share of the tertiary (services) sector in GVA?
The services sector share is 58%. Subtract primary (₹54 lakh crore) and secondary (₹72 lakh crore) from total GVA of ₹300 lakh crore to get ₹174 lakh crore, and 174 divided by 300 equals 58 percent.
- A58%Correct
- B42%
- C24%
- D18%
Explanation
Tertiary GVA = 300 - 54 - 72 = ₹174 lakh crore. Share = 174/300 = 58%. The figure 42% results from adding primary and secondary shares (18% + 24%) instead of subtracting them from 100%.
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