Which sector contributed the most to India's GDP in 1947?

The correct answer is Agriculture.

Key Points

• In 1947, agriculture was the primary sector contributing to India's GDP, making up a significant portion of the economy.
• Agriculture accounted for more than 50% of India's GDP at the time of independence.
• The majority of India's population was engaged in agricultural activities in 1947.
• Key crops included rice, wheat, cotton, jute, and sugarcane, which were vital for both domestic consumption and export.

Additional Information

• Green Revolution
  • Initiated in the 1960s, it aimed to increase food grain production using high-yielding variety seeds, fertilizers, and irrigation.
  • It led to a substantial increase in the production of wheat and rice in India.
  • The revolution helped India achieve self-sufficiency in food grains.
  • However, it also led to environmental concerns and socio-economic disparities.
• White Revolution
  • Also known as Operation Flood, it was launched in 1970 to increase milk production in India.
  • The program transformed India into one of the largest producers of milk and milk products.
  • It was spearheaded by Dr. Verghese Kurien and the National Dairy Development Board (NDDB).
  • This revolution significantly improved the livelihoods of rural dairy farmers.
• Economic Reforms of 1991
  • India liberalized its economy in 1991, moving away from a protectionist stance.
  • The reforms included deregulation, reduced import tariffs, and opening up to foreign investment.
  • These changes led to rapid economic growth and diversification of the economy.
  • The service sector emerged as a significant contributor to GDP post-reforms.
• Current GDP Contributors
  • As of the latest data, the service sector is the largest contributor to India's GDP.
  • Agriculture remains important but contributes a smaller percentage compared to 1947.
  • Manufacturing and industrial sectors have also grown significantly.
  • The Indian economy is now more diversified with significant contributions from IT, services, and manufacturing.