India's economy has been undergoing structural changes characterized by a declining share of agriculture, a rising share of services, and a relatively stagnant or declining share of manufacturing in GNP.
Which of the following statement regarding structural changes of India is not correct?
Asked in Sr. Teacher Gr II Comp. Exam 2 · Topic: National Income & Gross Domestic Product (Sectoral Contribution to GDP: Trends and Analysis)
Show answer
Answer: B. (2) Contribution of Manufacturing Sector is increasing in Gross National Product.
More Economic Development questions
- As per Asian Development Bank Report, which country has emerged as the fastest growing economy among the 45 countries of the Asia- Pacific region?
- Which is the largest source of National Income in India ?
- The share of industry in GDP at Factor Cost (at 2004-05 prices) in 2011-12 was
- Which of the following is the correct sequence in the decreasing order of contribution to the Gross Domestic Product of India?
- Consider the following statements: Statement-I: Carbon markets are likely to be one of the most widespread tools in the fight against climate change. Statement-II: Carbon markets transfer resources from the private sector to the State. Which one of the following is correct in respect of the above statements?
- Which state has the largest economy in India ?
- Out of the options given below, what should be the basic goal of "Sustainable Development" ?
- Given below are two statements: Statement I : The theory of Unbalanced Growth was advocated by Prof. Hirschman. Statement II : The theory of Unbalanced Growth states that investment should be first made in certain core sectors of the economy which have a high degree of complementarity. Once, the process of growth is initiated, it will spread to other sectors through forward and backward linkages. In the light of the above statements, choose the most appropriate answer from the options given below :