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Discuss the trends in the ‘sectoral growth/changes’ in Ind

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Discuss the trends in the ‘sectoral growth/changes’ in India over the period 1951-2019.


Posted on : 2022-08-18 14:42:25 | Author : IGNOU Academy | View : 23

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India has seen significant changes in the sectoral growth and composition of its economy over the period 1951-2019. In 1951, agriculture accounted for around 55% of India's GDP, while industry and services accounted for around 12% and 33% respectively. However, over the following decades, there has been a shift towards a more diversified and industrialized economy.

The period between 1951 and the early 1980s saw relatively slow economic growth in India, with GDP growth averaging around 3.5% per year. Agriculture remained the dominant sector, accounting for around 50% of GDP, while industry and services remained at around 14% and 36% respectively. However, there were some changes in the composition of the agricultural sector, with a shift away from traditional crops towards cash crops such as sugarcane, cotton, and jute.

In the 1980s and 1990s, India began to implement a series of economic reforms aimed at liberalizing the economy and promoting growth. These included the removal of price controls, the deregulation of industry, and the opening up of _____ _________ ____ __ ____ ____________ ___________ ___________.
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Degree : BACHELOR DEGREE PROGRAMMES
Course Name : BACHELOR OF ARTS
Course Code : BAG
Subject Name : Indian Economy – I
Subject Code : BECE 145
Year : 2022 2023



IGNOU BECE 145 Solved Assignment 2022 2023
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