Points to Remember:
- The question requires factual knowledge about India’s GDP composition based on CSO data.
- The specific data point sought is the agricultural sector’s share in the total GDP for 2013-14 at 2011-12 prices.
- Accuracy is paramount; the answer must be based on verifiable information from the Central Statistical Organisation (CSO) of India.
Introduction:
The Central Statistical Organisation (CSO) of India is the primary agency responsible for compiling and releasing national income statistics. These statistics provide crucial insights into the structure and performance of the Indian economy. The question focuses on the contribution of the agricultural sector to India’s Gross Domestic Product (GDP) during the fiscal year 2013-14, calculated using 2011-12 as the base year for price comparisons. This base year adjustment helps to control for inflation and allows for a more accurate comparison of GDP across different years. The correct answer will be a percentage reflecting the agricultural sector’s share in the total GDP for that period.
Body:
Determining the Agricultural Sector’s Share in GDP (2013-14):
Unfortunately, I do not have access to real-time data, including the specific CSO releases on national income. Therefore, I cannot definitively provide the exact percentage representing the agricultural sector’s share in India’s GDP for 2013-14 at 2011-12 prices. To answer this question accurately, one must consult the official publications and datasets released by the CSO during or after that period. These publications are typically available on the CSO’s official website or through the Ministry of Statistics and Programme Implementation (MOSPI) website.
Importance of Accurate GDP Data:
Accurate GDP data is crucial for several reasons:
- Policy Formulation: Government policies related to agriculture, investment, and overall economic growth are heavily reliant on accurate GDP figures. Misleading data can lead to ineffective policies.
- Economic Planning: Accurate GDP data is essential for effective economic planning and resource allocation.
- International Comparisons: Reliable GDP data allows for meaningful comparisons of India’s economic performance with other countries.
- Investment Decisions: Investors use GDP data to assess the economic health of a country and make informed investment decisions.
Conclusion:
In conclusion, I cannot definitively answer the multiple-choice question without access to the specific CSO data for 2013-14. The question highlights the critical importance of accurate and readily accessible national income statistics. To find the correct answer, one must consult the official publications of the CSO. The government should ensure the timely and transparent dissemination of such crucial economic data to facilitate informed decision-making by policymakers, investors, and researchers. A robust and reliable statistical system is essential for India’s sustainable and inclusive economic development, adhering to principles of transparency and accountability. The focus should be on strengthening the data collection and dissemination mechanisms to ensure the accuracy and accessibility of such vital information.