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Table 1.
Data on Structural Transformation in India, 1970–2000
VariableAgriculture 1970Agriculture 2000Manufacturing 1970Manufacturing 2000Services 1970Services 2000
 77% 62% 12% 19% 12% 20% 
 48% 25% 23% 27% 29% 48% 
Ratio 3.3 0.9 0.6 4.3 11.0 1.8 
 18% 9% 33% 30% 49% 61% 
VariableAgriculture 1970Agriculture 2000Manufacturing 1970Manufacturing 2000Services 1970Services 2000
 77% 62% 12% 19% 12% 20% 
 48% 25% 23% 27% 29% 48% 
Ratio 3.3 0.9 0.6 4.3 11.0 1.8 
 18% 9% 33% 30% 49% 61% 

GDP = gross domestic product.

Note: “K/Y Ratio” refers to the capital–output ratio.

Source: Verma. 2012. Structural Transformation and Jobless Growth in the Indian Economy. In C. Ghate, ed. The Oxford Handbook of the Indian Economy. Oxford University Press: New York.

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