How does India's GDP growth compare to other major economies? What sectors contributed to India's GDP growth in Financial year 2024?
Vanshika ChaudharyBegginer
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1. **Services Sector:** This sector remains a major contributor to GDP, including IT services, finance, and healthcare.
2. **Manufacturing:** The government’s push for ‘Make in India’ and reforms in the manufacturing sector boosted growth.
3. **Construction and Real Estate:** Urbanization and infrastructure projects led to growth in this sector.
4. **Agriculture:** Improved agricultural productivity and government support programs contributed positively.
India’s GDP growth rate has been relatively higher compared to major economies like the U.S., China, and the Eurozone, showcasing its dynamic and resilient economic structure.