The char demonstrates the amount of income of private companies contribute to the India’s GDP from 1950 to 2000. Overall, the figure for agriculture experienced a downward trend throughout 40 years period of time. Conversely, that of services rose significantly with the same time span, and the similarity could be seen from industry, which increased slightly.
In 1960, the contribution of agriculture from private sectors for the India’s economic growth accounted for the highest number, about roughly 62, and this data would drop considerably in the next 4 decades, reducing to approximately 15. In contrast, that of services witnessed an upward trend within the same time span, with the data rising from 16 to 62, showing that services were becoming more popular and prevalent in India.
The contribution of services for the India’s GDP contrasts with that of industry. At the beginning of the period, the amount of turnover from industry was the lowest figure compared to other factors, about 15. Over the 2 decades, this data would rise dramatically to roughly 25 in 1980, and this number underwent unchanged in the next 20 years.