Choose the given statement is true/false:

The primary sector is the largest employer, and is also the largest contributor to the Gross Domestic Product of India in comparison to the secondary and tertiary sector.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
The primary sector, or the agriculture sector, provides the most significant employment, about 50 per cent of India's population, given that India is a developing nation and lacks the capital to grow its capital-intensive industries aggressively. Hence, it flourishes due to its dependence on labour-intensive activities and agriculture and a market for raw materials. However, India's contribution to the gross domestic product remains the smallest. The tertiary, or service sector, is multiplying owing to greater demand and specialised and skilled labour. Hence, employment opportunities are available for a limited section of the population but provide the most significant value addition to the economic output.
The correct statement will be the primary sector is the largest employer but not the most significant contributor to the Gross Domestic Product of India in comparison to the secondary and tertiary sectors.

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