3 Questions
Which sector contributes the most to the Indian economy?
Services
What is the current rank of India in terms of nominal GDP among the world's economies?
3rd
Which economic reform aimed to simplify the indirect tax system in India?
Goods and Services Tax (GST)
Study Notes
Indian Economy
- The service sector is the largest contributor to India's economy.
- India ranks 5th in terms of nominal GDP among the world's economies.
- The Goods and Services Tax (GST) is the economic reform that aimed to simplify the indirect tax system in India.
Test your knowledge of the Indian economy with this quiz! Find out which sector contributes the most to the economy, India's current rank in terms of nominal GDP, and the economic reform aimed at simplifying the indirect tax system. See how well you know about the economic landscape of India.
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