CAUSE
One question. One truth.
“Why is the services sector dominant in Indian GDP?”
The services sector dominates Indian GDP because India's economic structure has shifted towards knowledge-intensive and technology-driven industries, supported by a large skilled workforce and global demand for IT and business services.
Medium confidenceStructural
CURRENT STATE
This structural shift has resulted in services contributing over half of India's GDP, driven by IT, telecommunications, finance, and professional services. The sector's growth outpaces agriculture and manufacturing due to higher productivity and export orientation.
Have your own question?
Ask CAUSE →askcause.com