Correct Answer - Option 1 : 8.30%
The correct answer is 8.30%.
- The Economic Survey report 2017-18 stated that the Services sector growth for FY 18 was likely to be at 8.30%.
- The then Finance Minister, Arun Jaitley presented the Economic Survey of 2017-18.
- The services sector contributed 55.2% to India’s GVA in the year 2017-18.
- As per the Central Statistics Office, the growth of the services sector was expected to be 8.3% in 2017-18 as compared to 7.7% in 2016-17.
- India is the eighth largest exporter of commercial services with a share of 3.4%.
- The share of the real estate sector accounted for 7.7% of India’s overall GVA in 2015-16.
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Real estate and construction together are the second-largest providers of employment.
- An economic survey is an annual document prepared under the guidance of the Chief Economic Adviser and presented by the Department of Economic Affairs, Ministry of Finance in the parliament just before the budget is announced.
- The economic survey report is the way of the ministry on the state of the economy of the country.