Q. Which of the following statement(s) is/are correct?
1.India’s farm sector employment is low compared to other fast-growing G-20 emerging markets.
2.India needs to create more jobs in service and manufacturing sectors to increase the productivity in the agricultural sector.
Select the correct answer using the codes given below:
Explanation –
Statement 1 is incorrect. India has a high percentage of its workforce employed in agriculture. According to the data, agriculture employs 42% of India’s workforce, which is significant compared to other sectors and other fast-growing G-20 emerging markets.
Statement 2 is correct. The shift from agriculture to services and manufacturing is necessary to enhance productivity and economic output. The transition to these sectors can help absorb the workforce moving away from agriculture, which is often characterized by low productivity and income. If service and manufacturing sectors create more jobs to absorb the surplus labour supply in the agricultural sector, productivity in the agricultural sector will naturally increase as a result of the reduced labour base, and the new supply/demand equilibrium will lead to higher income for the agricultural sector.
Source: The Hindu
