eep2010_lecture_transition problems

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Problems of transition: some  observations
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Important features of recent growth  experience: (1) Structural Change India’s growth process has been unique in that in spite  of a very substantial reduction in the share of  agricultural output in the GDP, the share of industry  and, in particular, manufacturing, has not grown since  1990-91.  This is shown in Table 1, which reports the evolution of  the shares of agriculture, industry and services in the  GDP at 1993-94 prices since 1970-71. 
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The share of agriculture in Indian GDP fell from 46  percent in 1970-71 to 32 percent in 1990-91 and to 21  percent in 2004-05.  Yet over this period, the share of industry has moved  very little. It rose from 22 percent in 1970-71 to 27  percent in 1990-91 and has stayed there.  Correspondingly, the share of manufacturing rose from  13 percent in 1970-71 to 17 percent in 1990-91 and  has remained at that level to-date. 
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This note was uploaded on 03/03/2011 for the course MARKETING 101 taught by Professor Singh during the Spring '11 term at Management Development Institute.

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eep2010_lecture_transition problems -...

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