Let us consider the
following table and try to interpret the Indian Data.
Sectors
|
Implicit
GDP Price Deflator
|
||
|
|
|
(%)
|
|
2004-05
|
2010-11
|
2011-12
|
|
|
QE
|
RE
|
Primary Sectors
|
1.00
|
1.79
|
1.96
|
Secondary Sectors
|
1.00
|
1.40
|
1.50
|
Service Sectors
|
1.00
|
1.40
|
1.51
|
As could be seen from the above table that Indian economy have witnessed
that the prices in the primary sectors (Agriculture and Allied and Mining &
Quarrying) have moved much faster than either of the other important
manufacturing/construction or services sectors of the economy. Thus, in Indian
economy, prices of primary articles have increased in much faster pace than
services and manufactured articles since 2004-05.
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