India's Changing Industrial Structure Flashcards
What is industrial structure?
Industrial structure refers to the proportion of the workforce employed in primary, secondary, tertiary, and quaternary sectors.
What are the four economic sectors?
The primary sector (agriculture, fishing), secondary sector (manufacturing), tertiary sector (services), and quaternary sector (research, IT).
How has India’s economy changed since 1990?
India’s economy has shifted from agriculture to a more service-based economy, with rapid growth in IT and manufacturing.
How much does agriculture contribute to India’s GDP today?
Agriculture contributes about 17.6% to India’s GDP, down from 29.5% in 1990.
What is the importance of India’s service sector?
The service sector now makes up about 54.72% of India’s GDP, including IT, banking, and tourism.
What is an example of an Indian technology company?
Infosys and Tata Consultancy Services are major Indian IT companies that operate globally.
What is the multiplier effect in industrial growth?
The multiplier effect occurs when investment in one industry stimulates growth in other areas, such as infrastructure and services.
What challenges does India face in industrial development?
India struggles with poor infrastructure, electricity shortages, and inequality in industrial growth between rural and urban areas.
What percentage of Indians work in the primary sector?
Despite agriculture’s decline in GDP contribution, over 50% of India’s workforce is still employed in the primary sector.
What are some of India’s key manufactured exports?
India exports machinery, vehicles, pharmaceuticals, and textiles.
