Question

State the contribution of industries in national income.

Answer 1

Contribution in national income:

• At the time of independence, agriculture sector dominated in India because India was an agriculture oriented country from the very beginning.
• After the development of industries, the agriculture economy was reduced and the contribution of industries increased in comparison with agriculture.
• Government has put various systematically planned efforts to boost the economy which in turn has increased share of industries in national income.
• In the year 1951, industrial sector had contributed 16.6% in national income. This rose to 27% (at constant prices) in the year 2013-14.