Question

What was the contribution of industrial sector in national income of India in the year 1951?​

Answer 1

Answer:

The proportion of GDP contributed by the industrial sector increased in the period from 11.8 per cent in 1950-51 to 24.6 per cent in 1990-91.

The rise in the industry's share of GDP is an important indicator of development.

The six per cent annual growth rate of the industrial sector during the period is commendable.

Answer 2

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The economic growth of any country is measured by the increase in national and individual productivity.

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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.

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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.