Question : ECONOMIC GROWTH



(a) the details of progress made in the economy of the country compared to that of China;

(b) the average estimated contribution of services, Agriculture and Industrial sectors in the gross domestic products (annual growth rat

(e) of the country compared to that of China; and

(c) the percentage of people employed in these sectors, sector-wise in the country?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF PLANNING AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI V. NARAYANASAMY)

(a) & (b): As per the World Development Indicators database of World Bank, 2009, the annual growth rate of Gross Domestic Product (GDP) in India was 7.1 percent for the year 2008 as against 9 percent for China. The contribution of agriculture, industrial and services sectors as percentage of GDP in India for the year 2008 is estimated to be at 18%, 29% and 53% respectively as compared to 11%, 49% and 40% respectively of that of China.

(c): As per the latest quinquennial survey (61st Round) on Employment and Unemployment by National Sample Survey Organization (NSSO) for 2004-05, the share of employment in agriculture sector, industrial sector and services sector was estimated to be 52.1%, 19.5% and 28.4% respectively.