Which of the following statements is not true of the Indian Economy?

Explanation

1) India population is equivalent to 17.78% of the total world population. India's contribution to global GDP in 2024 was approximately 3.4%. This makes it the world's fifth-largest (US > China > Germany > Japan > India > UK) economy.

2) Services sector contributes over 50 per cent to India's GDP.

3) As of 2023, approximately 45% of India's working population is engaged in agriculture. Share of agriculture in India's GDP declined to 15 per cent last fiscal year from "35 per cent" in 1990-91 due to rapid growth in the industrial and service sector

4) India occupies only 2.4% of the world's geographical area.