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Intersectoral Dynamics and Policy Perspective on Emerging Structure of Indian Economy

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Naresh Kumar
added 2 research items
a matter of debate. Some studies have argued that students from low socio-economic background lagged behind those from well-to-do families. However, there are also others which rule out this notion. Therefore, this article analyses the impact of parental SEFs on the performance of students in IIT-JEE, which is considered to be one of the most difficult examinations for engineering admission in India. However, there are some limitations of the study due to paucity of time-series data on the relevant attributes.
Studies indicates that the global economy is on the brink of a recession due to slowdown in economic activities in rich economies and slow growth in the Chinese economy. The recession in global economy may have effecton developing economies like Indian economy. However, in the past it was observed that Indian economy was least affected due to global recession because economy of India is substantially based on agriculture sector. The overall economic growth is linked to the performance and dynamics of different sectors of economy. Over the years India has achieved a significant growth in all sectors; particularly service sectors by contributing the largest share in the Gross Domestic Product (GDP). Before, liberalization the economic growth was mainly dependent on Agriculture sector supported by other sectors like manufacturing and service sector. Earlier, agriculture sector was the chief constituent of the GDP followed by manufacturing and service sectors. But after the new economic policies, the inter-sectoral dynamics has reversed and growth in agriculture sector wastumbleddespite major source of employment. Therefore, objective of this paper is to analyse inter-sectoral analysis and assessment of Indian economy since 1951. To understand structural shift a comparative growth pattern of agriculture, industry and service sectors are analysed along with GDP growth with policy feedback.