Indian Economy Statistics

The Finance Minister in his budget speech announced that the expected growth rate of GDP for 2012­13 is 7.6%.

According to the 2001 Census of India, the decadal growth rate for the period 1991-2001 was approximately 21.54%.

The economy of Uttarakhand is often referred to as a 'money order economy' because a significant portion of household income comes from remittances sent by family members working outside the state.

The base year for GDP calculation in India was updated to 1999-2000 during the period this question was relevant.

The 11th Five-Year Plan (2007-12) set an ambitious GDP growth target of 9.0% per annum.

While agriculture is a major employer, the percentage of the labor force employed in agriculture in India has historically been significantly higher than 50% (often cited around 55-60% during the relevant period).

The contribution of the agriculture sector to India's GDP has been declining over time. In recent decades, it has been closer to 15-18%, making the 20% claim inaccurate for the context of the question.

Maharashtra has historically been one of the largest producers of sugarcane and sugar in India, often contributing about one-third of the total national output.

The Provident Fund (PF) contribution rate was increased to 10% for both employers and employees effective from March 1, 1997.

A/An large proportion of labourers in India are working in the unorganised sector. 

The service sector, with around 52 percent contribution to the gross domestic product (GDP) in 2014-15, has made rapid strides in the past decade-and-a-half to emerge as the largest and one of the fastest-growing sectors of the economy.

Correct option is (1).

Correct answer is (1). 

Option (2) is correct.

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