In which sectors India is better than China?

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In which sectors India is better than China?

Experts are of the opinion that India has performed better than China in the financial sector. Indian bond market is known as one of the most liquid in Asia, which is well regulated by the RBI and is fully electronic. India is known as one of the best countries in the world in the way the financial sector is managed.

In which sector India is dependent on China?

But the Indian economy is deeply intertwined with Chinese exports. China’s share in Indian imports for intermediate goods, capital goods, and final consumer goods is 12\%, 30\%, and 26\% respectively. India depends on China in many key industries from electrical machinery and appliances to pharmaceutical drug API.

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Which sector contributes the most to India’s economy?

The services sector
The services sector is the largest sector of India. Gross Value Added (GVA) at current prices for the services sector is estimated at 96.54 lakh crore INR in 2020-21. The services sector accounts for 53.89\% of total India’s GVA of 179.15 lakh crore Indian rupees.

Which sector is main part of Indian economy?

Services sector
Sector-wise Contribution of GDP in India Services sector is the largest sector of India. Gross Value Added (GVA) at current prices for Services sector is estimated at 92.26 lakh crore INR in 2018-19. Services sector accounts for 54.40\% of total India’s GVA of 169.61 lakh crore Indian rupees.

Which sector has emerged as the largest producing sector in India?

the tertiary sector
As a result, in 2013-14, the tertiary sector has emerged as the largest producing sector in India replacing the primary sector.

Which sector is the backbone of Indian economic?

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The secondary sector is the backbone of the Indian economy.

What are the 3 sectors of Indian economy?

Sectors of Indian Economy

  • Three sectors – Primary, Secondary and Tertiary.
  • Primary = Agriculture related.
  • Secondary = Industry related.
  • Tertiary = Service related.
  • Sector share towards GDP : Tertiary (60\%)> Secondary (28\%)> Primary(12\%).
  • Sector share by working force : Primary (51\%)> Tertiary (27\%) > Secondary (22\%)>