Research Paper | Agricultural Economics | India | Volume 10 Issue 3, March 2021
An Economic Analysis of Sector Wise Contribution to GDP in India
Dr. V. Suthacini, M. Balageetha
Abstract: This study analyses the effect of fluctuation of agricultural, industrial and service sector of economy to the growth of GDP of India. Secondary data is collected from the Central statistical office from year 2000-01 to year 2019-20. Multiple Regression Analysis and Pearson’s Correlation Coefficients were used to analyze the data. The study identified that the growth rate of contribution of service sector is on an increase from 2003-04 onwards. The study also reveals slow shifting of economic sector from agriculture to industry and industrial to service which result in negligible growth in GDP even after a long time period. The study also exhibits that GDP has a strong positive relationship with service and agricultural sector and negligible relationship with industrial sector. This study suggests the policy makers to concentrate their attention on key areas of all economic sectors which can contribute more to GDP growth and thereby to achieve economic growth.
Keywords: GDP, Economic sector, Development process, Regression analysis
Edition: Volume 10 Issue 3, March 2021,
Pages: 653 - 655
How to Cite this Article?
Dr. V. Suthacini, M. Balageetha, "An Economic Analysis of Sector Wise Contribution to GDP in India", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=SR21305201504, Volume 10 Issue 3, March 2021, 653 - 655
How to Share this Article?
Similar Articles with Keyword 'GDP'
Indonesia's International Competitiveness of Cacao Beans and its Derivatives Product in USA Market
Rizky Amelia, Nunung Kusnadi, Suharno
The Analysis of Affecting Factors to the Export of Rattan Furniture Indonesia in the International Market
Achmad Subchiandi Maulana, Rita Nurmalina Suharno
Similar Articles with Keyword 'Regression analysis'
Socio -Economic Characteristics and Factors Affecting Credit Acquisition and Output of Rice (Oryza sativa) Farmers in Yakurr Local Government Area of Cross River State, Nigeria
Ettah O. I, Kuye O. O
Assessment of the Performance of Bank of Agriculture in Micro-Credit Delivery to Rural Farmers in Ohafia Local Government Area of Abia State, Nigeria
Mbam Boniface Nwangele