Direction for [ Question No: 1 To 4 ] :
Read the following excerpt and answer the questions asked at the end. The answers to the questions should be based on the excerpt.
Any economy can be divided into three sectors, namely agriculture, industry and services, based on the nature of productive activity. India's economy at the time of independence was dominated by agriculture contributing 52% to the gross domestic product, followed by services with 34% and industry with 14%. In the nearly 70 years since that time, the structure of the economy has changed dramatically, with agriculture now contributing only 17%, industry 29% and services 54%. Thus, the Indian economy has transformed from an agriculture-driven to a services-driven economy. A high share of services in the economy and a corresponding low share of agriculture is typically a sign of a developed economy. While this is true of the Indian economy as well, India can be considered only a developing economy as the services sector in India is largely composed of low productivity, manual labour activity, rather than high-technology value-added services. Most developed countries have transitioned from agricultural economies to industrialized ones, and only then moved to services-dominated economies. Large-scale industrialization helped absorb the large labour force from agriculture that became unemployed or under-employed because of rising productivity. However, in India, the contribution of industry has grown only from 14% to 29%, and thus the surplus labour force was forced to transition to low-paying jobs in the services sector.
