India: Agriculture contributes 16% to GVA but employs 43% of the workforce, indicating disguised unemployment. The services sector dominates GVA (54%) with only 32% of the workforce.
China: A higher share of GVA comes from the industrial sector (41%), with a balanced workforce distribution in services and industry sectors.
Key Observation: India lags in industrialization compared to China, with a higher dependency on agriculture despite lower GVA contribution.
During the British rule, India’s foreign trade had various features except _________ .
Type of Juice | Mango | Orange | Guava |
---|---|---|---|
Selling Price (Rs./Litre) | 150 | 135 | 100 |
Variable Cost (Rs./Litre) | 80 | 65 | 60 |
Sales Mix Percentage | 20% | 40% | 40% |