I wanted to know if android sdk provides any built in components(views) for the specific graphs as seen in the ICS setting screen as follows :

If not then what can be the best way to go for such graph component. Any library suggested ?
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Well, luckily Android is open source, so I imagine you can grab the source and look through the settings app to figure out how they achieve it:
http://source.android.com/source/downloading.html