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Explain the contribution of Indian agriculture in terms of Gross Domestic Product. - Economics

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Explain the contribution of Indian agriculture in terms of Gross Domestic Product.

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Solution

A significant part of India’s GDP has historically been derived from agriculture: it accounted for 51.3% of the national income in 1950-51 and dropped to 34.9% in 1990-91. By 2019, agriculture's share in GDP had further reduced to just 16%. This decline in agriculture’s percentage share of national income does not indicate a reduction in agricultural output itself. Instead, it reflects the comparatively faster growth of the non-agricultural sectors of the economy.

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Chapter 7: Primary Sector : Agriculture - QUESTIONS [Page 106]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 7 Primary Sector : Agriculture
QUESTIONS | Q 8. (b) | Page 106
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