Which of the following statements is correct about the composition of the agriculture sector and employment in GDP postindependence?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. The proportion of GDP contributed by the agricultural sector declined significantly but not the employment depending on the agricultural sector.
Post-independence, the share of agriculture in India's GDP has decreased significantly due to the growth of other sectors like services and industry. However, a large portion of the population continued to depend on agriculture for employment, leading to a slower decline in agricultural employment. This imbalance between the decline in agriculture's GDP share and the employment rate has been a notable feature of India's economic development.