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Top contributors to GDP
BJP President Amit Shah has slammed the Congress for reducing the North East to the \"lowest level of development\" and said North Eastern states would soon be the biggest contributor to the nation\'s GDP due to \"visionary policies\" of Prime Minister Narendra Modi.
BJP President Amit Shah has slammed the Congress for reducing the North East to the "lowest level of development" and said North Eastern states would soon be the biggest contributor to the nation's GDP due to "visionary policies" of Prime Minister Narendra Modi.
Indian economy is classified in three sectors — Agriculture and allied, Industry and Services. Agriculture sector includes Agriculture (Agriculture proper & Livestock), Forestry & Logging, Fishing and related activities. Industry includes 'Mining & quarrying', Manufacturing (Registered & Unregistered), Electricity, Gas, Water supply, and Construction. Services sector includes 'Trade, hotels, transport, communication and services related to broadcasting', 'Financial, real estate & prof services,’ 'Public Administration, defence and other services'.
Services sector is the largest sector of India. Gross Value Added (GVA) at current prices for Services sector is estimated at 73.79 lakh crore INR in 2016-17. Services sector accounts for 53.66% of total India's GVA of 137.51 lakh crore Indian rupees. With GVA of Rs. 39.90 lakh crore, Industry sector contributes 29.02%. While, Agriculture and allied sector shares 17.32% and GVA is around of 23.82 lakh crore INR.
At 2011-12 prices, composition of Agriculture & allied, Industry, and Services sector are 15.11%, 31.12%, and 53.77%, respectively. According to CIA Factbook, sector wise Indian GDP composition in 2014 are as follows: Agriculture (17.9%), Industry (24.2%) and Services (57.9%). Total production of agriculture sector is $366.92 billion. India is 2nd larger producer of agriculture product. India accounts for 7.68 percent of total global agricultural output.
GDP of Industry sector is $495.62 billion and world rank is 12. In Services sector, India’s world rank is 11 and GDP is $1185.79 billion. Contribution of Agriculture sector in Indian economy is much higher than world's average (6.1%). Contribution of Industry and Services sector is lower than world's average 30.5% for Industry sector and 63.5% for Services sector.
When it comes to states, Maharashtra contributes 14.42% of total India's GDP with gross state domestic product around of 1,510,132 crore INR at current prices. India's most populated state Uttar Pradesh is at second position with share of 8.24%. Tamil Nadu (8.16%) is at 3rd, India's most economically free state Gujarat (7.31) is at 4th and West Bengal (6.75%) is at 5th position in year 2013-14.
(Courtesy: http://statisticstimes.com)
