Consider the following statements with respect to Punjab Economic Survey 2019 20 a Agriculture and a...........

Punjab Economy

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Consider the following statements with respect to Punjab Economic Survey 2019-20 :

a) Agriculture and allied activities employed 26% of the labour force in the State.

b) Agriculture and allied activities have contributed over 30% of the GVA of the state in 2019-20.

Which of the above statement is/are correct ?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Explanation:

In a contrasting trend, the composition of output and employment in Punjab, across the three sectors,is relatively much more balanced. Contributing over 28% of the GVA of the state in 2019-20 (A), agriculture and allied activities employed 26% of the labour force in the State. Use of advanced technologies like farm equipment and relatively expensive HYV seeds and fertilisers have pushed various farmers towards other sectors. This has ensured towards a more balanced distribution of workers and higher per-labour output in all sectors, in comparison to the national level trends. Services sector with a share of 46.7% of Punjab’s GVA, as per advanced estimates of 2019-20, employs 40.9% of the State’s labour.