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Economics

Compare and contrast the changes in India with the pattern that was observed for developed countries. What kind of changes between sectors were desired but did not happen in India?

Econ Sectors Ind

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Answer

In developed countries, the economy grew in a logical way: first, the primary sector (like farming) grew, then the secondary sector (like manufacturing), and finally the tertiary sector (like services). Jobs grew in these sectors as the economy developed.

India's case is different. In India, the primary sector grew, but instead of the secondary sector growing next, it was the tertiary sector that expanded. However, jobs in the secondary and tertiary sectors did not grow as quickly. As a result, many people still work in the primary sector, which has a problem of underemployment.

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