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Which statement best describes the long-term trend in the sectoral composition of India's GDP as the economy has developed?

The services sector has become the largest contributor to India's GDP, accounting for over half of gross value added, while agriculture's share has fallen substantially. Manufacturing has not overtaken services, so the structure resembles that of a service-led economy.

  1. AThe share of agriculture in GDP has risen steadily while services have declined
  2. BThe share of services in GDP has become the largest, while agriculture's share has fallen substantiallyCorrect
  3. CManufacturing has become the largest contributor to GDP, overtaking services
  4. DThe primary and secondary sectors together contribute more than the tertiary sector to GDP

Explanation

Over the decades, agriculture's share in GDP has declined and the services sector has grown to be the largest contributor, accounting for more than half of gross value added. Manufacturing has not overtaken services, so the other options reverse or misstate the trend.

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