Current Affairs · Indian Services Sector Growth Trends
Between 2017–18 and 2023–24, India's services sector added nearly 40 million new jobs, raising total employment to 188 million. The sector now contributes more than half of India's Gross Value Added (GVA) and displayed strong post-Covid recovery. However, most jobs remain in low-productivity informal areas such as trade and transport. Which of the following statements are correct regarding the services sector trends highlighted by NITI Aayog? A. Employment elasticity in the post-Covid period increased to 0.63 from 0.35 earlier. B. The share of services employment declined from 29.7% to 26.9% between 2011–12 and 2023–24. C. The sector's growth in employment was second only to the construction sector.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A and C both✓
- 2C only
- 3B only
- 4A only
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A and C both
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