Question
Consider the following statements with respect to
share of agriculture in India's GDP- I.Share of agriculture in India's GDP declined to 20 per cent last fiscal year from 35 per cent in 1990-91 due to rapid growth in the industrial and service sector. II.In growth terms, the agriculture and allied sector has registered an average annual growth of 10Â per cent during the last five years. III.As far as global experience is concerned, the share of agriculture in the world's GDP has also declined over the decades and stands at about 4 per cent in recent years. Which of the following statements is/are TRUE ?Solution
Share of agriculture in India's GDP declined to 15 per cent last fiscal year from 35 per cent in 1990-91 due to rapid growth in the industrial and service sector. In growth terms, agriculture and allied sector has registered an average annual growth of 4 per cent during last five years. As far as global experience is concerned, share of agriculture in the world's GDP has also declined over the decades and stands at about 4 per cent in recent years.
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