With reference to the Indian economy after the 1991 economic liberalization, consider
the following statements:
1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas
while it decreased in rural areas.
2. The percentage share of rural areas in the workforce steadily increased.
3. In rural areas, the growth in non-farm economy increased.
4. The growth rate in rural employment decreased.
Which of the statements given above is/are correct?
Answer:
(b)
Core Books/NCERT
Statement 1: Workers productivity increase in both Urban and Rural areas but the rate of increase was high in Urban compared to Rural areas. Statement 2: The percentage share of rural areas in the workforce increased for male but reduced for females. Statement 3: In rural areas, the growth in the non-farm economy increased. Statement 4: Growth rate was positive but the rate of growth got increased after 1992 liberalization. Therefore, the correct answer is (b).