Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

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

To achieve the growth in  GDP by 9 to 9.5 percent as per (XII plan) the agricultural, industrial and service sectors have to grow at the rates of :

Options:

9.6 to 10.9, 10, 4 to 4.2 Percentage Points Respectively

4 to 4.2, 10, 9.6 to 10.9 Percentage Points Respectively

4 to 4.2, 9.6 to 10.9, 10 Percentage Points Respectively

4 to 4.2, 7.4 to 9.6, 10 Percentage Points Respectively

Correct Answer:

4 to 4.2, 9.6 to 10.9, 10 Percentage Points Respectively

Explanation:

The correct answer is option (3) : 4 to 4.2, 10, 9.6 to 10.9, 10 Percentage Points Respectively

To achieve the overall GDP growth target of 9.5% as per the XII Plan, let's analyze the required growth rates for each sector based on the provided data:

  • Agriculture: Target growth rate is 4.2%
  • Industry: Target growth rate is 10.9%
  • Services: Target growth rate is 10.0%

Now, comparing these with the actual growth rates observed:

  • Agriculture: It needs to grow from 4.0% (actual during 2012-2017) to 4.2%.
  • Industry: It needs to grow from 9.6% (actual during 2012-2017) to 10.9%.
  • Services: It needs to maintain its growth rate at 10.0%, which is already on target.