GyanGramWith reference of the Indian economy after the 1991 economic liberalization, consider the following statement…
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With reference of the Indian economy after the 1991 economic liberalization, consider the following statements:
1. Worker productivity (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?
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• Correct Answer: B
• Post-1991, rural non-farm economy (construction, manufacturing, services) grew significantly.
• Rural employment growth rate slowed despite population growth, reflecting structural transformation.
• Worker productivity rose in both rural and urban areas; rural workforce share declined.
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