Consider the following statements: 1. Services sector contributes more than 50% to India's GVA 2. Services sector growth is more volatile than agriculture sector 3. FDI in services sector contributes to three-fourth of total FDI in the post-Covid period Which of the statements given above are correct?
1 and 3 only
The services sector contributes more than 50% to India's Gross Value Added (GVA), making statement 1 correct. Contrary to statement 2, the services sector's growth is generally more stable than the agriculture sector, which is heavily dependent on monsoon variability, making statement 2 incorrect. Services sector FDI has consistently accounted for roughly three-fourths of total FDI inflows in the post-Covid period, making statement 3 correct.
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