UPSC Prelims 1996·GS1·economy·economic sectors and development

The table given below depicts the composition of India’s exports between 1992-93 and 1994-95: The changing composition of the export trade is indicative of structural transformation of Indian economy in favour of modernisation. The best indicator of the trend is the [Items | 1992-93 | 1993-94 | 1994-95 (Percentage to total) ; Agriculture | amp;amp; Allied products | 16.9 | 18.0 | 15.9 ; Ores | amp;amp; Minerals | 4.0 | 4.0 | 3.7 ; Manufactured goods | 75.5 | 75.6 | 78.0 ; Petroleum products | 2.6 | 1.8 | 1.9]

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  1. Arelative shape of petroleum products in exports
  2. Bdecline in the share of agricultural products in exports
  3. Cconstant share of ores and minerals in exports
  4. Dincrease in the share of manufactured products in exportsCorrect

Explanation

The correct answer is D because structural transformation and modernization of an economy are typically characterized by a shift away from primary sectors like agriculture and mining toward the secondary sector, specifically manufacturing. According to the table, the share of manufactured goods increased from 75.5 percent in 1992-93 to 78.0 percent in 1994-95. This rise indicates that the economy is moving toward higher value addition and industrial growth, which is the primary hallmark of economic modernization compared to a reliance on raw materials or agricultural exports.
economy: The table given below depicts the composition of India’s exports between 1992-93 and 1994-95: The changing composition o
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