What does the history of developed countries indicate about the shifts that have taken place between sectors?

Asked by vatsalchoudhary41 | 7th May, 2015, 05:50: AM

Expert Answer:

Indian economy is primarily an agriculture oriented economy. The agriculture productivity of our economy is perhaps the lowest in the world. Although, it has shown a significant improvement during the last two and half decades, it continues to be as low as one fourth of that of the advanced countries.

The introduction of high yielding varieties of seeds and improved use of fertilisers, irrigation facilities, pesticides and insecticides resulted to increased food grain production in India. Various land reforms were also initiated to make Green Revolution more flourishing. The Indian agriculture has become technology-oriented making the country self-sufficient in foodgrains. Moreover, there has been an increase in the irrigation process from 17% to about 40% in recent years.

Improvement in agricultural productivity is a pre-condition for promoting rapid industrialisation in our economy. Indian agriculture also supplies necessary raw materials to many of the agro-based industries. Insufficient supply of raw materials would mean stunted growth of these industries.

Expansion of various small, medium and large-scale industries, village and cottage industries, etc. creates sufficient employment and income opportunities among the rural people.

In the last few decades, the development of primary and secondary sectors have resulted in the rise of several services that are required for the smooth functioning of these sectors such as banking, transportation and insurance.

Answered by Tharageswari S | 7th May, 2015, 09:13: AM

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