Question

What is historical change in india economic

Answer 1

Historical Change In Sectors. At initial stages of development, primary sector was the most important sector of economic activity. As the methods of farming changed and agriculture sector began to prosper. ... Secondary sector gradually became the most important in total production and employment.

Answer 2

During the 1980s and 1990s, the entire world was going through major changes. The Soviet Union fell and Russia was born. There were new organizations like the World Bank and IMF that were emerging in the global economy. In India, there was stability in the economy but no real growth. This is why in 1991 there was an economic change process by the Indian government. Let us take a look.