Consider the following statements 1 Punjab is one of the fastest developing states in India 2 The sh...........

Punjab Economy

Consider the following statements.

1.Punjab is one of the fastest developing states in India.

2.The share of primary sector has decreased from 37.54 % to 23.45 % during the last decade indicating the fatigue of agriculture sector.

3.The share of the secondary sector, i.e, industrial sector in the GSDP has increased significantly.

4.The share of tertiary sector including IT has increased from 42.69 % to 44.19 %.

Which of the following statemens is/are correct ?

1 and 4 Only

3 and 4 Only

2,3 and 4 Only

All of the above

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Explanation:

Punjab is one of the fastest developing states in India. The state has posted a steady growth during the last decade. The average real GSDP of the state has grown at around 7.8% during the period 2004-05 to 2010-11and has increased more than one and a half times from around Rs.96694 Crore in 2001-02 to around Rs.151941 Crore in 2010-2011. The share of the primary sector has decreased from 37.54% to 23.45% during this period indicating the fatigue of the agriculture sector. During the same period however, the share of the secondary sector i.e. the
industrial sector in the GSDP has increased significantly from 24.72% to 32.32%. The share of the tertiary sector comprising of the services sector including IT has increased from 42.69% to 44.19% during the same period.