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The share of agriculture in India's Gross Domestic Product (GDP) fell from 45% in 1950 to 30% in 1990. If the total GDP in 1990 was Rs 4.5 lakh crore, what was the value of agricultural output in 1990?

easy 2 marks Class 12 · Economics · Indian Economy 1950-1990
Answer
Rs 1.35 lakh crore

The correct answer is Rs 1.35 lakh crore — Thus the agricultural output in 1990 is Rs 1.35 lakh crore.

Step-by-step solution

  1. Identify the share of agriculture in 1990, which is 30%.
  2. Convert the percentage to decimal: 30% = 0.30.
  3. Multiply the total GDP by the agricultural share: 0.30 × Rs 4.5 lakh crore = Rs 1.35 lakh crore.
  4. Thus the agricultural output in 1990 is Rs 1.35 lakh crore.
Common mistake: Using the 1950 share (45%) instead of the 1990 share (30%).

Concept tested: Agricultural share in GDP

Published · How this solution was prepared and checked

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