Agriculture industrial sectors major contributors GDP from "summary" of Indian Economy: Performance and Policies by Uma Kapila
The agricultural and industrial sectors have always played a crucial role in contributing to the Gross Domestic Product (GDP) of India. Agriculture, being the primary sector of the economy, has been a major contributor to the GDP for a long time. With a significant portion of the Indian population engaged in agricultural activities, the sector has a direct impact on the overall economic output of the country. The industrial sector, on the other hand, has seen tremendous growth and development over the years. The manufacturing and production of goods and services in industries have added significantly to the GDP of India. The industrial sector has not only created employment opportunities but has also boosted the overall economic growth of the country. Both the agricultural and industrial sectors have their unique contributions to the GDP of India. While agriculture provides food security and sustenance to a large population, the ...
Similar Posts
Government intervention can lead to positive outcomes
Government intervention can lead to positive outcomes in various ways. One key aspect is the ability of governments to correct ...
Marketoriented reforms can boost development
Market-oriented reforms have been widely recognized as a key driver of economic development in many countries around the world....
Fiscal deficit monetary policies impact
The fiscal deficit has a direct impact on the effectiveness of monetary policies in an economy. When the government runs a high...