| Question | Among the three sectors of the economy, which sector became the driving force for achieving a higher growth rate in India and China? |
| Chapter | Comparative Development Experiences of India and its Neighbours |
| Class | Class 12 |
| Subject | Economics (Indian Economic Development) |
| Category | Indian Economic Development Class 12 Sandeep Garg Solutions |
Question – Among the three sectors of the economy, which sector became the driving force for achieving a higher growth rate in India and China?
Answer –
In China both industrial and service sector became the driving force for achieving a higher growth rate as GDP contribution from industrial sector is 41% from service sector it is 52%. In India the emphasize was given on service sector, GDP contribution from industrial sector is 30% and from service sector it’s 54% in India.
This shows that China has developed both the sectors of the economy whereas India is relying only on service sector and there is a need to expand and emphasize industrial sector in India.
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