Which of the following statement (s) is/are correct?

Statement 1: In India, between 1950 and 1990, the proportion of GDP contributed by agriculture declined significantly along with the population depending on it.

Statement 2: According to economists, a nation becomes more prosperous, the proportion of GDP contributed by agriculture as well as the proportion of population working in the sector declines considerably.

Only Statement 2 is correct.

According to economists, a nation becomes more prosperous, the proportion of GDP contributed by agriculture as well as the proportion of population working in the sector declines considerably. In India, between 1950 and 1990, the proportion of GDP contributed by agriculture declined significantly but not the population depending on it (67.5 per cent in 1950 to 64.9 per cent by 1990). W It is because the industrial sector and the service sector did not absorb the people working in the agricultural sector. Many economists call this an important failure of our policies followed during 1950-1990.