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Andrews [41]
3 years ago
10

The student will draw a timeline depicting the changing scenario of employment in the three sectors of the economy in India

Social Studies
1 answer:
NNADVOKAT [17]3 years ago
7 0

This information will help you. During the time of independence, agriculture was the most important contributor to Indian GDP. It contributed over 50% of GDP and employed over 80% of the population.



As time passed, the significance of agriculture declined in terms of contribution to GDP. Now, agriculture contributes about 15% to India’s GDP. Over 50% of the population is engaged in agriculture.


<span>The services sector was the second largest contributor to GDP at the time of independence. It contributed about 30% to India’s GDP which increased to about 55% currently. It is the largest sectoral contributor to Indian GDP. It employs about 30% of the population. This percentage keeps increasing. In the early 1990’s it employed about 22% of the population.

I hope it helps, Regards.  </span>

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<h3>What is the economy?</h3>

An economy of the country is defined as the production and consumption of goods taking place in a country that determines the purchasing parity of individuals and the flow of cash in the market.

The plantation system mainly refers to agricultural activities where crop production will be done and crops sells in the market. Mainly cotton was the most profitable for selling in the market.

The cost invested in doing plantation was lower than the profit achieved. Therefore, option D is appropriate.

Learn more about the economy, here:

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