A Graph given below shows the share of sectors in GDP (%) of the economy. Analyze the data provided and answer the following question.
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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:
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.
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