An Extension activity of the Dept. of Economics-under the supervision of Dr.K.SAVITHA,Assistant Professor a presentation on ‘ India-an agrarian economy’ for higher secondary students –SEPT.2016
An Extension activity of the Dept. of Economics-under the supervision of Dr.K.SAVITHA,Assistant Professor
- a presentation on‘ India-an agrarian economy’ for higher secondary
students –SEPT.2016
GOVT. ARTS & SCIENCE COLLEGE
MEENCHANDA3rd BA ECONOMICS (2014 – 2017)
INDIAN ECONOMY ON THE EVE OF INDEPENDENCE
Low level of economic development under colonial rule
85% population in villages whose livelihood depended on agriculture-stagnation in agriculture sector
Handicraft industries declined and no corresponding other industrial growth
INDIAN ECONOMY 1950-1990
1951-Five year plans started Up to mid 1970s GDP growth rate
was 3.5%per year Mid 1980s GDP growth rate was
5% Improved performance in
agricultural sector Mixed economy frame work
ECONOMIC REFORMS - 1991
Liberalisation Privatisation Globalisation
INDIA-AN AGRARIAN ECONOMY
Backbone of Indian Economy- 58% of its people depending on agriculture
contributes to 16 % of GDP Provides food to over 1 million people Ranks globally second in farm output-
Leading producer of jute, pulses- Second largest producer of wheat, paddy, fruits and vegetables
contributes to 10% of total export earnings Provides raw material to large number of
industries
1950’s
Stagnation in agriculture
Low growth in crop production
1960’s Green Revolution
HYV (High Yielding Variety Seeds)
Attained food security
LOOKING BACK…
1990’s Economic reforms
introduced
India emerged as a net exporter of
agricultural products
2000 Onwards Increase in
population and strong income
growth, amplified the demand for food grains
MNC players brought in better technology Rise in institutional credit for agriculture Supportive Policies
of Govt.
OCCUPATIONAL STRUCTURE
AGRICULTURE SECTOR
INDUSTRIAL SECTOR
SERVICE SECTOR
SECTORS
1 Primary sector
2 Secondary sector
3 Tertiary sector
Occupational structure during colonial period Occupational structure at present
Source:Central statistical Organisation(CSO)
SECTORAL CONTRIBUTION TO
GDP
year AGRICULTURE INDUSTRY SERVICE
1947 55.3%
15.1% 29.6%
2016 16.1% 29.5% 54.4%
SECTORAL CONTRIBUTION TO GDP 1947-2016
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