UPSC CSE Prelims 1999
Since 1980, the tertiary sector, encompassing services such as banking, finance, insurance, education, health, trade, communication, and information technology, has demonstrated a consistent and significant increase in its share of India's Gross Domestic Product (GDP). This sector's contribution grew from approximately 35% in 1980 to become the dominant sector, exceeding 50% by the early 2000s and continuing its upward trajectory thereafter. This trend reflects a structural transformation in the Indian economy towards a service-led development model.
Option (B): The share of the tertiary sector in India's GDP has not shown a decreasing trend; rather, it has consistently risen over the period since 1980.
Option (C): The contribution of the tertiary sector has not remained constant. Instead, it has experienced substantial growth, making it the largest contributor to the national GDP.
Option (D): While minor annual variations may occur, the overall long-term trend for the tertiary sector's share in GDP since 1980 has been one of steady increase, not significant fluctuation.