Sectoral trends in GSDP

The Growth rate of GSDP denotes the performance of economy of the State and changes in the magnitude and composition of GSDP of the State economy over time. The economy is broadly classified into three sectors, i.e., primary, secondary and tertiary. The Primary Sector consists of crops; Livestock; Forestry & logging; Fisheries-2/”>Fisheries; and mining & quarrying. The Secondary Sector consists of manufacturing; electricity, gas, water supply & other utility Services; and construction sectors. The Tertiary Sector consists of trade & repair services; hotels & restaurants; transport, including railways, road, water, air & services incidental to transport; storages; communications & services relating to broadcasting; financial services; real estate, ownership of dwellings & professional services; Public Administration; and other services.

While the sectoral analysis in terms of GVA at Basic Prices reveals that during the year 2015-16 (AE), growth rate at constant (2011-12) prices is highest in tertiary sector with 11%, followed by secondary sector with a growth of 8.6% and primary sector expected a negative growth of 1.9%. The GSDP growth estimates of 9.2% would have been better, but for the negative growth recorded in crops sector, attributed mainly to the adverse seasonal conditions prevailing in the State since last two consecutive years. Crops sector per se was badly affected due to these reasons and recorded a negative growth of 18.2%. But growth in primary sector was partially compensated by the positive growths registered in Livestock (12.2%), Fisheries (17.8%) and mining & quarrying (6.9%) sectors.

Trend in broad sectors growth reveals that primary sector has been decreasing since 2012-13 to 2015-16, mainly due to the negative growth in the production of crops. Secondary sector has registered a negative growth of -12.2 percent in 2012-13, has picked up in 2013-14 with growth rate of 4.8 percent and showed a robust growth of 8.6 percent in 2015-16. Tertiary sector is the main contributor of GVA growth of the State. It has registered a growth of 7.7 percent in 2012-13 and peaked up in 2014-15 by growing at 11.8 percent. As per the advanced estimates of 2015-16 services sector is poised to grow at 11.0 percent.

Agricultural Sector

agriculture & allied activities consist of four sub-sectors viz., crop sector, livestock, forestry & logging and fi shing & aquaculture. The Crop sector is the largest contributors to the agriculture & allied sector with a share of 53 percent, followed by livestock (42 percent), fi shing & aquaculture (3 percent) and forestry & logging (2 percent) in 2016-17. The crop sector, which experienced negative growth for last two consecutive years, is projected to grow at a high growth of 26.3 percent, the highest ever since 2012-13. While the spurt in agriculture sector growth directly benefit the about half of State’s Population, it will enhance the income of the other half of the population by augmenting the demand in rest of the economy.

The Average size of holdings in the state was 1.30 hectares in 2005-06 and it declined to 1.12 hectares in 2010-11. This indicates that there has been a decline in the average size of landholdings by 14.49 percent. The decrease in the average size of holdings is observed in all categories except marginal and small groups, during the period 2005-06 to 2010-11.

Industrial Sector

There is a high fluctuation in growth performance of industrial sector in Telangana in recent years. Manufacturing sector contributes about 55.0% in total industrial sector GVA in the State, as a result, growth in manufacturing sector has high impact on industrial sector. Industrial sector in the State is likely to register a growth rate of 8.4% in current prices and 8.3% at constant (2011-12) prices during 2015-16 (AE) (Figure 4.1), during the same period manufacturing sector is likely to grow at 8.2% in current prices and 9.5% in constant prices. A trend analysis reveals that industrial sector growth has picked up over a period of time, putting in a high growth trajectory.

The Annual Survey of Industries (ASI) is the major source of industrial statistics. Structure of Industry sector in the State could be analysed using ASI data of the State from 2008-09 to 2012-13. ASI covers all units registered under the Factories Act, 1948 i.e., those employing 10 or more workers with power and 20 or more workers without power respectively. Number of factories increased from 7,357 in 2008-09 to 10,279 in 2012-13, registering a growth of 40 percent in number of factories in the State.

Service sector

The Services sector comprises trade & repair services; hotels & restaurants; transport, including railways, road, water, air & services incidental to transport; storages; communications & services relating to broadcasting; fi nancial services; real estate, ownership of dwellings & professional services; public administration, and other services. This sector is a dominant sector in the State’s economy in terms of contribution and growth in GSDP. The contribution of Services sector is estimated to be around 62% of total GVA for the year 2015-16 as per the Advance Estimates at current prices. Services sector is the largest EMPLOYMENT provider in urban areas as 62.3 percent of total urban workforce was dependent on this sector for employment in 2013-14.

Major services in the State include real estate, ownership of dwelling & professional services (including ITeS), and trade, repair, hotels and restaurants etc. Real estate, ownership of dwelling & professional services account for about one-third of total services sector GVA in the State, followed by trade, repair, hotels & restaurants (23%) and other services (15%).

Growth in Services Sector using average annual growth rate reveals that most of the sub sectors in services have registered a double digit growth during period 2012-13 to 2015-16. The public administration sector experienced highest growth (AAGR of 19.9 percent) during 2012-13 to 2015-16. at current prices. Other services that grew at double digit are Communication (13.9%), Real estate (18.6%) and trade, repair, hotels and restaurants (18.9%) during the same period.

As the State progresses on development front, there is a trend of people shifting from agriculture to nonagricultural sector, most of those who are either semi-skilled or unskilled. While services sector could absorb the educated and skilled labour force, it is important that we develop the industrial sector to generate employment opportunities for semi-skilled labour force which is on rise. Thus, growth of industrial sector is a key for solving the problem of Unemployment in the State. It is also important that in order to garner the benefi ts arising out of increase in working age population due to change in demographic profi le and increase number of skilled workers as a result of various skill imparting schemes; we need to develop the industrial sector.

Sectoral trends in GSDP are important because they provide a snapshot of the economic Health of a country. The data can be used to track the performance of different sectors of the economy over time, and to identify areas that are growing or shrinking. This information can be used to make informed decisions about economic policy.

The data on sectoral trends in GSDP is typically collected by government agencies. The data is often published in annual reports or on websites. The data can be used to track the performance of different sectors of the economy over time, and to identify areas that are growing or shrinking. This information can be used to make informed decisions about economic policy.

The following are the subtopics under Sectoral trends in GSDP:

Agriculture
Industry
Services
Construction
Trade, hotels, transport, communication and storage
Financing, insurance, real estate and business services
Community, social and personal services

Agriculture is the primary sector of the economy and accounts for a significant share of GDP in many countries. The agricultural sector is important for providing food and raw materials for other industries. The agricultural sector is also important for employment, as it employs a large number of people in many countries.

The industry sector is the secondary sector of the economy and accounts for a significant share of GDP in many countries. The industrial sector is important for manufacturing goods and providing Infrastructure-2/”>INFRASTRUCTURE. The industrial sector is also important for employment, as it employs a large number of people in many countries.

The services sector is the tertiary sector of the economy and accounts for the largest share of GDP in many countries. The services sector is important for providing goods and services to consumers and businesses. The services sector is also important for employment, as it employs a large number of people in many countries.

Construction is the sector of the economy that is responsible for building new structures and infrastructure. The construction sector is important for creating jobs and stimulating economic growth. The construction sector is also important for providing essential services, such as housing, roads, and schools.

Trade, hotels, transport, communication and storage are the sectors of the economy that are responsible for the movement of goods and services. These sectors are important for facilitating Trade and Commerce. They are also important for providing jobs and stimulating economic growth.

Financing, insurance, real estate and business services are the sectors of the economy that are responsible for providing financial services, insurance, real estate, and business services. These sectors are important for supporting the growth of other sectors of the economy. They are also important for providing jobs and stimulating economic growth.

Community, social and personal services are the sectors of the economy that are responsible for providing social and personal services, such as Education, healthcare, and social welfare. These sectors are important for providing essential services to the population. They are also important for creating jobs and stimulating economic growth.

The sectoral trends in GSDP can be used to track the performance of different sectors of the economy over time. The data can be used to identify areas that are growing or shrinking. This information can be used to make informed decisions about economic policy.

For example, if the data shows that the agricultural sector is growing, this may indicate that the country is becoming more self-sufficient in food production. This could lead to government policies that support the agricultural sector, such as providing subsidies to farmers or investing in agricultural research.

Conversely, if the data shows that the agricultural sector is shrinking, this may indicate that the country is becoming more reliant on imports for food. This could lead to government policies that aim to reduce the country’s reliance on imports, such as imposing tariffs on imported food or investing in domestic food production.

The sectoral trends in GSDP can also be used to identify areas that are creating jobs or losing jobs. This information can be used to make informed decisions about economic policy.

For example, if the data shows that the services sector is creating jobs, this may indicate that the country is becoming more service-oriented. This could lead to government policies that support the services sector, such as providing tax breaks to businesses in the services sector or investing in infrastructure that supports the services sector.

Conversely, if the data shows that the services sector is losing jobs, this may indicate that the country is becoming less service-oriented. This could lead to government policies that aim to create jobs in the services sector, such as providing training programs for workers in the services sector or investing in infrastructure that supports the services sector.

The sectoral trends in GSDP are an important tool for tracking the performance of the economy and making informed decisions about economic policy.

What is GSDP?

GSDP stands for Gross State Domestic Product. It is a measure of the economic activity of a state. It is calculated by adding up the value of all goods and services produced in the state, minus the value of all goods and services used up in the production of those goods and services.

What are the different sectors of the economy?

The different sectors of the economy are agriculture, industry, and services. Agriculture includes the production of crops and livestock. Industry includes the production of goods, such as cars and computers. Services include activities such as Banking, education, and healthcare.

What are the trends in GSDP by sector?

In recent years, the service sector has been the fastest growing sector of the economy. This is due to the growth of the information technology sector and the rise of the service economy. The industrial sector has been growing more slowly, but it is still an important part of the economy. The agricultural sector has been declining in importance, but it is still a significant source of employment in many states.

What are the factors that drive sectoral trends in GSDP?

The factors that drive sectoral trends in GSDP include the following:

The level of technology: The more advanced the technology, the more productive the economy will be.
The availability of natural Resources: States with abundant Natural Resources, such as oil and gas, tend to have a larger industrial sector.
The level of education: A more educated workforce is more productive and can support a larger service sector.
The level of infrastructure: A well-developed infrastructure, such as roads and bridges, can support economic growth.
The government’s policies: The government can influence the economy through its policies on taxes, spending, and regulation.

What are the implications of sectoral trends in GSDP for Economic Development?

The sectoral trends in GSDP have a number of implications for economic development. First, the growth of the service sector is creating new jobs and opportunities. Second, the decline of the agricultural sector is leading to rural POVERTY and unemployment. Third, the growth of the industrial sector is leading to environmental pollution and other problems. Fourth, the government needs to invest in infrastructure and education to support economic growth.

Sure. Here are some MCQs on the topics of agriculture, industry, and services:

Which of the following sectors is the largest contributor to India’s GDP?
(A) Agriculture
(B) Industry
(C) Services
(D) None of the above
Which of the following sectors has seen the fastest growth in recent years?
(A) Agriculture
(B) Industry
(C) Services
(D) None of the above
Which of the following states has the highest share of agriculture in its GDP?
(A) Punjab
(B) Haryana
(C) Uttar Pradesh
(D) Madhya Pradesh
Which of the following states has the highest share of industry in its GDP?
(A) Maharashtra
(B) Gujarat
(C) Tamil Nadu
(D) Karnataka
Which of the following states has the highest share of services in its GDP?
(A) Delhi
(B) Maharashtra
(C) Tamil Nadu
(D) Karnataka
Which of the following is the main agricultural crop in India?
(A) Rice
(B) Wheat
(C) Sugarcane
(D) Cotton
Which of the following is the main industrial sector in India?
(A) Manufacturing
(B) Mining
(C) Construction
(D) Electricity, gas, and water supply
Which of the following is the main service sector in India?
(A) Trade, hotels, and restaurants
(B) Transport, storage, and communication
(C) Financial services
(D) Real estate, ownership of dwellings, and business services
Which of the following is the main reason for the decline in the share of Agriculture In India‘s GDP?
(A) The Green Revolution
(B) The Industrial revolution
(C) The Services Revolution
(D) The Information Technology Revolution
Which of the following is the main reason for the growth of the services sector in India?
(A) The rise of the middle class
(B) The growth of the IT industry
(C) The growth of the Outsourcing industry
(D) The growth of the tourism industry

I hope these MCQs were helpful. Please let me know if you have any other questions.