Gross Domestic Product

Occupation Classification
Money lender
Gardener
Potter
Bee-keeper
Astronaut
Call centre employee
  • The following table shows the percentage of workers employed in different sectors in India in 1972-73 and in 2015-16,i.e.after 43 years.
  • Year Agriculture Industry Services
    1972-73 74% 11% 15%
    2015-16 47% 22% 31%
    1. What are the major changes that you observe from the above table?
    2. From what you have read before,discuss what could be some of the reasons for these changes.

    Observe the Pictures and mention the sector which they belong to:


    1.___________2.____________3.____________4.____________

    Gross Domestic Product

    Suppose there are two families-a rich family and a poor family.We can make such judgements as "rich" or "poor" based on: the dress people in the family wear,the vehicles they use to travel,the food they eat,the house they live in,furniture and other equipment they have,hospitals they go to for treatment etc.Alternately,income that these families earn is an important overall indicator.For the country as the indicator of income for the country.The technical term to denote this value is GrossDomestic Product(GDP).

    The following Graph 1 shows the value of GDP for India for two different years: 1972-1973 and 2011-2012.One can compare the kind of increase that has taken place in production in the three sectors of the economy.

    Gross Domestic Product

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