Which of the following statement is not true about the characteristics of Indian service sector during 1950-51 to 2016-17?

The correct answer is option 4

Key PointsThe statement that is not true about the characteristics of the Indian service sector during 1950-51 to 2016-17 is:

Service sector trade has always been Adverse.

• The service sector's contribution to India's GDP was 53.7 percent in 2016-17.This statement is true.
  • The service sector has been a significant contributor to India's GDP, and its contribution has been steadily increasing over the years. By 2016-17, it had reached 53.7 percent of the GDP.
• In terms of employment potential provided to the working population, the contribution of the service sector was 26.9 percent in 2011.
  • This statement is true. The service sector has been a major employer in India, and by 2011, it provided around 26.9 percent of the employment opportunities to the working population.
• The service sector's contribution to export increased to 41.8 percent in 2016-17.
  • This statement is true. The service sector's contribution to India's exports has been increasing, and by 2016-17, it had reached 41.8 percent.
• Service sector trade has always been Adverse.
  • This statement is not true.
  • Service sector trade can be both favorable and adverse depending on various factors such as demand for services, international agreements, competitiveness, and economic conditions.
  • The service sector can contribute positively to a country's trade balance by exporting services like software, business process outsourcing, tourism, and more.Hence option 4 is correct.