Growth of GDP and major sectors (in %) -
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Identify the sector where the GDP growth has decreased during the reform period till 2007. |
Agricultural sector Teritary sector Industry sector Service sector |
Agricultural sector |
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. |