question_answer 9)

Compare and contrast India and China's sectoral contribution towards GDP in 2008. What does it indicate?

Answer:

As far as sector wise contribution to growth is concerned, in 2008, contribution of agriculture to GDP in China was 10% white in India it was 19%. On the other hand manufacturing contributes the highest to GDP in China at 47%, whereas in India service sector contributes the highest at around 55%. In the last two decades, the growth of agriculture sector has declined in both the countries. In the industrial sector, China has maintained a double-digit growth rate whereas for India industrial growth rate has declined. In the case of service sector, China has been able to raise its rate of growth in 2008-10 while service sector growth in India has stagnated. China's growth is mainly contributed by the manufacturing sector and India growth by service sector.