The contribution of agriculture and its allied activities in national income in 1950-1951 was
Answers
Explanation:
Economy. An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents. ... Economic activity is spurred by production which uses natural resources, labor, and capital.
The economic growth of any country is measured by the increase in national and individual productivity.
During the program, the Indian economy was experiencing high agricultural and industrial growth. Pre-planning time recorded an agricultural growth rate of 0.3 pc. while the program period shows a growth rate of 2.66 pa. The performance of the industrial sector is certainly better.
During the program, not only economic growth, but also economic development, ‘growth and change’ took place in India. This means that the Indian economy has witnessed a change in infrastructure.