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Sectorial Contribution to Indian Economy

Sectorial Contribution to Indian Economy

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Published by Dhaval Lagwankar

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Published by: Dhaval Lagwankar on Jul 03, 2009
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10/19/2014

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India GDP Composition Sector Wise
consists of many sectors such as agriculture, industry,services, and infrastructure. The contribution of these sectors in India GDP differs with onesector contributing more than the other.India gross domestic product (GDP) means the total value of all the services and goods that aremanufactured within the territory of the nation within the specified period of time. The economyof India is the twelfth biggest in comparison to that of others in the whole world, for it has theGDP of US$ 1.09 trillion in 2007. The country has the second fastest major growing economy inthe whole world with the GDP growing at the rate of 9.4% in 2006- 2007.The composition of Indian GDP includes many sectors like industry, infrastructure, agriculture,and services. The percentage of the share of these sectors in the composition of India GDP differsand also has changed over the years. India GDP Composition Sector Wise was that theagriculture sector contributed around 32%, services sector contributed 41%, and the industrysector contributed 27% in 1990- 1991.The agriculture sector contributed the most to India GDP after the independence of the country.This sector contributed to India GDP around 18.6% in 2005. The contribution of the agriculturesector has gone down in India GDP in the last few years but in spite of this the sector remains thelargest economic sector in India.The sector of industry accounts for 27.6% of India GDP for it employs around 17% of the totalworkforce in India. The industrial sector contributed 7.6% to India GDP in 2005- 2006 and thenext year, this figure increased to 9.8%. This shows that the contribution of the industrial sector is increasing in India GDP.The services sector contributes the most to the India GDP for it accounted for 53.8% in 2005.After independence it was the agricultural sector that contributed the most to the India GDP butin recent years it has been the services sector, which has contributed the most. The agriculturalsector contributed 20%, industry sector contributed 26%, and the services sector contributedaround 54% to the India GDP in 2005- 2006.
 
The infrastructure sector contributed around 3.5% to the India GDP in 1996- 1997 and the nextyear, this figure increased to 4.6%. The contribution of the infrastructure sector to the India GDPincreased after the India government opened the sector to private sector.India GDP Composition Sector Wise thus as seen comprises of many sectors. The government of India must take steps in order to boost all the sectors that contribute to the country's GDP for thiswill ensure that the economy of the country will grow and prosper.Agriculture growth rate in India’s GDP
Agriculture Growth Rate in India GDP
had been growing earlier but in the last few years it isconstantly declining. Still, the Growth Rate of Agriculture in India GDP in the share of thecountry's GDP remains the biggest economic sector in the country.India GDP means the total value of all the services and goods that are produced within theterritory of the nation within the specified time period. The country has the GDP of around US$1.09 trillion in 2007 and this makes the Indian economy the twelfth biggest in the whole world.The growth rate of India GDP is 9.4% in 2006- 2007. The agricultural sector has always been animportant contributor to the India GDP. This is due to the fact that the country is mainly based onthe agriculture sector and employs around 60% of the total workforce in India. The agriculturalsector contributed around 18.6% to India GDP in 2005.Agriculture Growth Rate in India GDP in spite of its decline in the share of thecountry's GDP plays a very important role in the all round economic and socialdevelopment of the country. The Growth Rate of the Agriculture Sector in India GDP grew after independence for the government of India placed special emphasis on the sector in its five-year  plans. Further the Green revolution took place in India and this gave a major boost to theagricultural sector for irrigation facilities, provision of agriculture subsidies and credits, andimproved technology. This in turn helped to increase the Agriculture Growth Rate in India GDP.
 
The agricultural yield increased in India after independence but in the last few years it hasdecreased. This in its turn has declined the Growth Rate of the Agricultural Sector in India GDP.The total production of food grain was 212 million tonnes in 2001- 2002 and the next year itdeclined to 174.2 million tonnes. Agriculture Growth Rate in India GDP declined by 5.2% in2002- 2003. The Growth Rate of the Agriculture Sector in India GDP grew at the rate of 1.7%each year between 2001- 2002 and 2003- 2004. This shows that Agriculture Growth Rate inIndia GDP has grown very slowly in the last few years.Agriculture Growth Rate in India GDP has slowed down for the production in this sector hasreduced over the years. The agricultural sector has had low production due to a number of factorssuch as illiteracy, insufficient finance, and inadequate marketing of agricultural products. Further the reasons for the decline in Agriculture Growth Rate in India GDP are that in the sector theaverage size of the farms is very small which in turn has resulted in low productivity. Also theGrowth Rate of the Agricultural Sector in India GDP has declined due to the fact that the sector has not adopted modern technology and agricultural practices. Agriculture Growth Rate in IndiaGDP has also decreased due to the fact that the sector has insufficient irrigation facilities. As aresult of this the farmers are dependent on rainfall, which is however very unpredictable.Agriculture Growth Rate in India GDP has declined over the years. The Indian government musttake steps to boost the agricultural sector for this in its turn will lead to the growth of AgricultureGrowth Rate in India GDP.

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This document has helped me a lot in doing my project.
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Surprisingly -- no mention of defence industry?
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