An Extension activity of the Dept. of Economics-under the supervision of Dr.K.SAVITHA,Assistant Professor

- a presentation on‘ India-an agrarian economy’ for higher secondary

students –SEPT.2016

GOVT. ARTS & SCIENCE COLLEGE

MEENCHANDA3rd BA ECONOMICS (2014 – 2017)

INDIAN ECONOMY ON THE EVE OF INDEPENDENCE

Low level of economic development under colonial rule

85% population in villages whose livelihood depended on agriculture-stagnation in agriculture sector

Handicraft industries declined and no corresponding other industrial growth

INDIAN ECONOMY 1950-1990

1951-Five year plans started Up to mid 1970s GDP growth rate

was 3.5%per year Mid 1980s GDP growth rate was

5% Improved performance in

agricultural sector Mixed economy frame work

ECONOMIC REFORMS - 1991

Liberalisation Privatisation Globalisation

INDIA-AN AGRARIAN ECONOMY

Backbone of Indian Economy- 58% of its people depending on agriculture

contributes to 16 % of GDP Provides food to over 1 million people Ranks globally second in farm output-

Leading producer of jute, pulses- Second largest producer of wheat, paddy, fruits and vegetables

contributes to 10% of total export earnings Provides raw material to large number of

industries

1950’s

Stagnation in agriculture

Low growth in crop production

1960’s Green Revolution

HYV (High Yielding Variety Seeds)

Attained food security

LOOKING BACK…

1990’s Economic reforms

introduced

India emerged as a net exporter of

agricultural products

2000 Onwards Increase in

population and strong income

growth, amplified the demand for food grains

MNC players brought in better technology Rise in institutional credit for agriculture Supportive Policies

of Govt.

OCCUPATIONAL STRUCTURE

AGRICULTURE SECTOR

INDUSTRIAL SECTOR

SERVICE SECTOR

SECTORS

1 Primary sector

2 Secondary sector

3 Tertiary sector

Occupational structure during colonial period Occupational structure at present

Source:Central statistical Organisation(CSO)

SECTORAL CONTRIBUTION TO

GDP

year AGRICULTURE INDUSTRY SERVICE

1947 55.3%

15.1% 29.6%

2016 16.1% 29.5% 54.4%

SECTORAL CONTRIBUTION TO GDP 1947-2016

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