Growth of GDP and major sectors (in %) -
| Sectors | 1980-1991 | 1992-2001 | 2002-2007 | 2007-2012 | 2012-2017 XII plan | |
| Target I | Target II | |||||
| Agriculture | 3.6 | 3.3 | 2.3 | 3.2 | 4.0 | 4.2 |
| Industry | 7.1 | 6.5 | 9.4 | 7.4 | 9.6 | 10.9 |
| Services | 6.7 | 8.2 | 7.8 | 10.0 | 10.0 | 10.0 |
| Total | 5.6 | 6.4 | 7.8 | 8.2 | 9.0 | 9.5 |
Identify the sector where the GDP growth has decreased during the reform period till 2007.
Answer & explanation
Correct answer: option 1
The correct answer is option (1) : Agricultural sector
The reforms in India were started mainly in 1991.
From the data, it is evident that the Agricultural sector experienced a decrease in growth during the reform period starting from till 2007. The growth rate declined from 3.6% (1980-1991) to 2.3% (2002-2007), indicating a reduction in growth over this period.
While the industrial sector reported fluctuation. The growth declined to 6.5 % (1992-2001) from 7.1 (1980-1991) and then increased to 9.4 % during the period 2002-2007.
The growth of the service sector also reported fluctuation. The growth increased from 6.7 % (1980-1991) to 8.2 % (1992-2001) and then declined to 7.8 % during the period 2002-2007.