Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
9.1k views
in Economics by (11.1k points)

Compare and contrast India and China's sectoral contribution towards GDP in 2003. What does it indicate?

1 Answer

0 votes
by (15.6k points)
selected by
 
Best answer
       Sectors  Contribution to GDP (in %) (2003)

Primary (Agriculture)
Secondary (Industry)
Tertiary (Service)
 India
 23
 26
 51
China
 15
 53
 32

According to above data of India and China's the sectoral contribution towards GDP in 2003, contribution of agriculture to GDP in china was 15% while in india it was 23%. On the other hand manufacturing contributes the highest to GDP in china at 53%, whereas in india service sector contributes the highest at around 51%.

The process of economic growth has led to a tremendous shift in the sectoral share of output and employment. The percentage share of the primary sector in total output and employment tends to decrease while that of the secondary and tertiary sector tends to increase. This indicates that both the economic are developing.The experience of china is similar to that of the other developed countries in the world. The experience of the developed countries shows that secondary sector followed by tertiary sector emerge as the leading sectors of the economy. Compared to china,India showed a direct shift from the primary sector to tertiary sector. This is due to the fast integration of these two economics with the other market economies of the world.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...