On the basis of the given data, outline and compare the share of Employment and Gross Value Added (GVA) of the sector that emerges to be a prospective employer in India and China.
Sectoral Share of Employment and GDP (%) in 2021
Sector Contribution of GVA Distribution of Workforce India China Pakistan India China Pakistan Agriculture 19 8 24 46 23 37 Industry 29 39 20 25 32 25 Services 52 53 56 29 45 38 Total 100 100 100 100 100 100
On the basis of the given data, outline and compare the share of Employment and Gross Value Added (GVA) of the sector that emerges to be a prospective employer in India and China.
Sectoral Share of Employment and GDP (%) in 2021
| Sector | Contribution of GVA | Distribution of Workforce | ||||
|---|---|---|---|---|---|---|
| India | China | Pakistan | India | China | Pakistan | |
| Agriculture | 19 | 8 | 24 | 46 | 23 | 37 |
| Industry | 29 | 39 | 20 | 25 | 32 | 25 |
| Services | 52 | 53 | 56 | 29 | 45 | 38 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 |
Show Hint
Solution and Explanation
The table gives the share of each sector in Gross Value Added (GVA) and in the workforce for 2021.
A prospective employer is a sector that is already large and has room to absorb more workers.
In India agriculture employs 46% of the workforce but gives only 19% of GVA, so it is already overcrowded.
Services give 52% of GVA but employ only 29% of the workforce, so services emerge as the prospective employer.
Step 2: Compare agriculture:
China has a smaller cultivable area because of its topography and climate.
So agriculture gives only 8% of GVA in China and employs 23% of its workforce.
In India, agriculture gives 19% of GVA and employs 46% of the workforce.
Step 3: Compare industry:
China has industrialised rapidly. Industry gives 39% of its GVA and employs 32% of its workforce.
In India, the corresponding figures are lower: 29% of GVA and 25% of the workforce.
Step 4: Compare services:
Both nations have a similar share of services in GVA: 52% in India and 53% in China.
The workforce share differs: 29% in India and 45% in China.
The gap between GVA share and workforce share is 52 - 29 = 23 points in India, but only 53 - 45 = 8 points in China.
Step 5: Tabulate the comparison:
| Sector | India GVA / workforce (%) | China GVA / workforce (%) |
|---|---|---|
| Agriculture | 19 / 46 | 8 / 23 |
| Industry | 29 / 25 | 39 / 32 |
| Services | 52 / 29 | 53 / 45 |
Final Answer:
Services are the prospective employer in both countries. Their GVA share is nearly equal (52% in India, 53% in China), but they employ 29% of the workforce in India against 45% in China. The agriculture and industry figures are compared in the steps above.
Top CBSE CLASS XII Economics Questions
___________ farming is a system that is helpful in restoring, maintaining and enhancing the ecological balance.
(Choose the correct alternative to fill in the blank):The present day rapid industrial growth in China can be traced back to the economic reforms introduced in 1978, where ________ .
(Choose the correct alternative to fill in the blank):
(i) Initially reforms were initiated in agriculture, foreign trade and investment sectors.
(ii) The policy of dual pricing was adopted.
(iii) The Government revoked the policy of Special Economic Zones.Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): In the recent past, Indian economy has been facing the problem of jobless growth.
Reason (R): Jobless growth refers to a situation where an economy is able to produce more goods and services without generating additional employment.Read the following statements carefully:
Statement 1: India, Pakistan, and China have similar physical endowments but totally different political systems.
Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.Read the following statements carefully:
Statement 1: India, Pakistan and China have similar physical endowments, but totally different political systems.
Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.
Top CBSE CLASS XII Indian Economy Questions
_______ farming is a system that is helpful in restoring, maintaining and enhancing the ecological balance.
(Choose the correct alternative to fill in the blank):Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): In the recent past, Indian economy has been facing the problem of jobless growth.
Reason (R): Jobless growth refers to a situation where an economy is able to produce more goods and services without generating additional employment.- “The Government of India has taken various measures to align the agricultural marketing system with the growing production activities in the rural areas.”
Do you agree with the given statement? Give any two valid reasons in support of your answer. - “The participation rate of people in economic activities in rural areas is more than that in urban areas.”
Justify the given statement. “An increase in the credit creation capacity of commercial banks has a direct impact on the money supply in an economy.”
Discuss the given statement.
Top CBSE CLASS XII Questions
- 2, b, c are in A.P. and the range of determinant $\begin{vmatrix}1&1&1\\ 2&b&c\\ 4&b^{2}&c^{2}\end{vmatrix}$ is [2, 16]. Then find range of c is
- A boy of mass 50 kg is standing at one end of a, boat of length 9 m and mass 400 kg. He runs to the other, end. The distance through which the centre of mass of the boat boy system moves is
- A capillary tube of radius r is dipped inside a large vessel of water. The mass of water raised above water level is M. If the radius of capillary is doubled, the mass of water inside capillary will be
- A circular disc is rotating about its own axis. An external opposing torque 0.02 Nm is applied on the disc by which it comes rest in 5 seconds. The initial angular momentum of disc is
- A circular disc is rotating about its own axis at uniform angular velocity \(\omega.\) The disc is subjected to uniform angular retardation by which its angular velocity is decreased to \(\frac {\omega}{2}\) during 120 rotations. The number of rotations further made by it before coming to rest is