Economics · Indian Economy
Which of the following statements is incorrect regarding the Green Revolution in India?
- 1The initial phase of the Green Revolution was largely restricted to relatively affluent regions like Punjab, Haryana, and western Uttar Pradesh.
- 2High-income groups, who spend a large percentage of their income on food, benefited the most from this decline in relative prices.✓
- 3Market prices of food grains decreased considerably due to higher output.
- 4Initially, a major proportion of rice and wheat production increased during the Green Revolution period.
Correct answer
High-income groups, who spend a large percentage of their income on food, benefited the most from this decline in relative prices.
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