A) Balanced development of all the sectors with equal contribution to the GDP
B) Direct jump from agriculture to services with later contributing more to the GDP
C) Transformation in the economic outlook- from agrarian to industrial
D) A jump from agriculture to industry with later contributing more to the GDP
Correct Answer: B
Solution :
The 'structural change' theory argues that with development, the share of agriculture sector declines and that of industry becomes dominant and at higher levels of development, the service sector contributes more than the other two sectors. However in context of India, there has been a jump directly from agriculture to services in context of GDP contribution.
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