MP Board · Class 11 · Economics · Liberalisation, Privatisation and GlobalisationWhich sector witnessed the highest growth in GDP contribution following the 1991 economic reforms in India?
Step-by-Step Solution
The service sector (tertiary sector) witnessed the highest growth in its contribution to India's GDP following the 1991 economic reforms.
Detailed Options Breakdown
Option : Agriculture sector
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 1: Industrial sector
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 2: Service sector (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Primary sector
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
💡 Study Guide: This question tests core syllabus concepts from Liberalisation, Privatisation and Globalisation. For formulas, key summaries, and mock exam reference guides, read the full Liberalisation, Privatisation and Globalisation Revision Notes.