A Graph given below shows the share of sectors in GDP (%) of the economy. Analyze the data provided and answer the following question.
How does the graph reflect the structural change in the Indian economy from 1973-74 to 2013-14? Explain with any 3 relevant reasons.
Answer by Student
- The graph shows that the share of primary sector in GDP has declined because of the low productivity and demand of agriculture and allied activities.
- The graph shows that the share of secondary sector in GDP has increased from because of the industrial policy reforms and infrastructure development that encouraged manufacturing and construction.