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  • Changes in Structure of Indian Economy and Trends in National Income

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    Abhileen Sarangi
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    The document discusses the structure of the Indian economy and the role of agriculture. It outlines three broad sectors - primary, secondary, and tertiary - and describes their eight sub-sectors. Agriculture is the largest employer in India, providing livelihoods to over 58% of the workforce, though its contribution to GDP has declined from 50% to 12.3% from 1950-51 to 2010-11. Agriculture remains important for industrial development by supplying raw materials, household consumption through food expenditures, foreign trade, and as the custodian of Indian culture. The sectors are also interdependent, as agriculture creates demand for industrial products and industries provide tools, machinery, and support to agriculture.

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    The document discusses the structure of the Indian economy and the role of agriculture. It outlines three broad sectors - primary, secondary, and tertiary - and describes their eight sub-sectors. Agriculture is the largest employer in India, providing livelihoods to over 58% of the workforce, though its contribution to GDP has declined from 50% to 12.3% from 1950-51 to 2010-11. Agriculture remains important for industrial development by supplying raw materials, household consumption through food expenditures, foreign trade, and as the custodian of Indian culture. The sectors are also interdependent, as agriculture creates demand for industrial products and industries provide tools, machinery, and support to agriculture.

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    4 views15 pages

    Changes in Structure of Indian Economy and Trends in National Income

    Uploaded by

    Abhileen Sarangi
    The document discusses the structure of the Indian economy and the role of agriculture. It outlines three broad sectors - primary, secondary, and tertiary - and describes their eight sub-sectors. Agriculture is the largest employer in India, providing livelihoods to over 58% of the workforce, though its contribution to GDP has declined from 50% to 12.3% from 1950-51 to 2010-11. Agriculture remains important for industrial development by supplying raw materials, household consumption through food expenditures, foreign trade, and as the custodian of Indian culture. The sectors are also interdependent, as agriculture creates demand for industrial products and industries provide tools, machinery, and support to agriculture.

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    of 15

    CHANGES IN STRUCTURE OF

    INDIAN ECONOMY AND


    TRENDS IN NATIONAL INCOME

    THREE BROAD SECTORS


    OF INDIAN ECONOMY
    PRIMARY SECTOR
    SECONDARY SECTOR
    TERTIARY SECTOR

    8 SUB-SECTORS

    PRIMARY SECTOR
    1. Agriculture, forestry and fishing
    2. Mining and Quarrying
    . SECONDARY SECTOR
    1. Manufacturing
    a) Registered
    b) Unregistered

    2. Construction
    3. Electricity, Gas and Water Supply
    . TERTIARY SECTOR
    1. Trade, Hotels, Transport and Communication
    2. Financing, Insurance, Real Estate and Business
    Services
    3. Community, Social and Personal Survives

    ROLE OF AGRICULTURE
    IN INDIAN ECONOMY
    About 2-3rd of Indias
    population directly or
    indirectly survives on
    agriculture

    1.SHARE IN NATIONAL
    INCOME
    In 1950-51, 50%
    In 2010-11, contributed 12.3% to
    Indias GDP
    UK-2%
    USA-4%
    Japan- 5%

    SHARE IN
    EMPLOYEMENT
    Largest employment
    providing sector in India
    Means of livelihood to
    58.2% of total workforce
    UK and USA- 2%

    BASIS FOR INDUSTRIAL


    DEVELOPEMENT
    Supply raw materials like
    cotton, wood, sugarcane,
    jute etc
    If agriculture
    underdeveloped,
    industries cannot expand

    IMPORTANCE IN
    FOREIGN TRADE
    India among 15 leading
    exporters of agricultural
    products
    Agricultural Exports 1.7%
    share of world trade
    Imports 1.2% of world trade in
    agriculture

    IMPORTANCE IN HOUSEHOLD
    CONSUMPTION
    60% of household income
    spent on food grains

    SIGNIFICANCE FOR
    TRADE AND SERVICES
    They depend upon
    agricultural operations
    Eg- transport, banking, cold
    storage, warehouse

    CUSTODIAN OF INDIAN
    CULTURE
    Treasure of rural life
    Civilization, culture,
    customs and religion
    preserved in it

    SHARE IN TOTAL GROSS


    CAPITAL FORMATION
    6.6% (census 2010-11)

    INTERDEPENCE BETWEEN
    AGRICULTURE AND
    INDUSTRIAL SECTOR
    They are complementary
    to each other

    ROLE OF AGRICULTURAL SECTOR


    IN INDUSTRIAL SECTOR

    Agricultural products constitute


    85% of industrial consumption
    Agricultural sector creates
    demand for industrial products in
    rural areas
    Agro based industries are a major
    source of employment

    ROLE OF INDUSTRIAL SECTOR


    IN AGRICULTURAL SECTOR
    To increase production on fixed land, agricultural sector
    requires latest manufactured tools and machines
    Irrigation facilities, fertilizers, pesticides etc made
    available
    Industries provide latest R&D to agricultural sector
    Industries provide major market for agricultural
    products
    Industries provide large amount of finance to
    agricultural sector
    industry provide information network on TV,
    newspaper and radio regarding weather, seeds and
    other technical guidance

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