What changes have been witnessed by primary sector from past 30 - 40 years
Answers
This amounts to saying that the Indian economy witnessed structural changes. ... there has been a steady decline in the share of the primary sector in GDP and it ... In the last three or four years, because of good monsoon, agricultural growth
Answer:
The following points highlight the changes that have taken place in the Indian economy after 1951. The changes are grouped into: 1. Quantitative Changes 2. Qualitative Changes.
1. Quantitative Changes:
i. Rising trend of National Income and per Capita Income:
Economic growth of any country is measured by the increase in national and per capita output.
During the plan period, national income of the country has certainly gone up. In 1950- 51, net national product at factor cost or national income (at 1999-2000 prices) stood at Rs. 2,06,493 crore. It rose to Rs. 27,60,325 crore in 2007-08 (at 1999- 2000 prices).