GDP of India from 1970-1980
GDP of India from 1970-1980 dWe32
The bar graph illustrates the relative proportion of contributions made by the agricultural, industrial and service sectors to the Indian economy between 1960 and 2000.
Over the given period, the significance of agriculture declined steadily while services grew in importance decade by decade. A distinctive pattern emerged for industry, which initially showed a slight increase, then plateaued from 1980 onwards.
As can be seen, both agriculture and service had consistency in their contribution. In 1960, agriculture accounted for 62% of India's GDP. It, however, dropped in steady increments to a low of 12% in 2000. The service sector, on the other hand, had a relatively minor impact on the economy at first, then witnessed an upward trend with 28% and 38% in 1980 and 1990 respectively. By 2000 it matched the same high point as agriculture in 1960.
With regard to industry, it remained a steady contributor to India’s wealth throughout the period. As a sector, it grew marginally from 16% in 1960 to exactly a quarter in 1980 then remained static for the two final decades, maintaining a constant share of the overall GDP.
The bar graph illustrates the relative proportion of contributions made by the agricultural, industrial and
service
sectors to the Indian economy between 1960 and 2000.
Over the
given
period, the significance of
agriculture
declined
steadily
while
services
grew in importance decade by decade. A distinctive pattern emerged for industry, which
initially
showed
a slight increase, then plateaued from 1980 onwards.
As can be
seen
, both
agriculture
and
service
had consistency in their contribution. In 1960,
agriculture
accounted for 62% of India's GDP. It,
however
, dropped in steady increments to a low of 12% in 2000. The
service
sector,
on the other hand
, had a
relatively
minor impact on the economy at
first
, then witnessed an upward trend with 28% and 38% in 1980 and 1990
respectively
. By 2000 it matched the same high point as
agriculture
in 1960.
With regard to industry, it remained a steady contributor to India’s wealth throughout the period. As a sector, it grew
marginally
from 16% in 1960 to exactly a quarter in 1980 then remained static for the two final decades, maintaining a constant share of the
overall
GDP.
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