Economics · Economy
Which of the following statements is correct regarding the structural changes in the Indian economy between 1950 and 1990?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The proportion of GDP contributed by agriculture and the population engaged in the sector both declined significantly.
- 2The proportion of GDP contributed by agriculture declined significantly, but the proportion of the population engaged in the sector did not decline significantly.✓
- 3Being an agricultural economy, the contribution of the agricultural sector was not considerable for the Indian economy.
- 4The proportion of GDP contributed by agriculture increased significantly, but the population engaged in the sector did not.
Correct answer
The proportion of GDP contributed by agriculture declined significantly, but the proportion of the population engaged in the sector did not decline significantly.
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