International Journal of Social Science & Economic Research
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Title:
GROWTH AND STRUCTURAL CHANGES IN THE ECONOMY OF HARYANA

Authors:
Ms. Rajni Goel

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Ms. Rajni Goel
Assistant Professor of Economics, Govt. College, Chhachhrauli Yamuna Nagar.

MLA 8
Goel, Ms. Rajni. "GROWTH AND STRUCTURAL CHANGES IN THE ECONOMY OF HARYANA." Int. j. of Social Science and Economic Research, vol. 4, no. 5, May 2019, pp. 3354-3367, ijsser.org/more2019.php?id=251. Accessed May 2019.
APA
Goel, M. (2019, May). GROWTH AND STRUCTURAL CHANGES IN THE ECONOMY OF HARYANA. Int. j. of Social Science and Economic Research, 4(5), 3354-3367. Retrieved from ijsser.org/more2019.php?id=251
Chicago
Goel, Ms. Rajni. "GROWTH AND STRUCTURAL CHANGES IN THE ECONOMY OF HARYANA." Int. j. of Social Science and Economic Research 4, no. 5 (May 2019), 3354-3367. Accessed May, 2019. ijsser.org/more2019.php?id=251.

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Abstract:
Structural changes of an economy that lead to the dynamics of sector shares that are related to each other i.e. agriculture sector, industry sector, service sector and to economic growth as well. It indicates as a shift in the sectoral composition of National output and employment, while the economic growth denotes the rate of expansion in the National output. It contributes to accelerate economic growth with improvements in the productivity. Economic Development has been regarded as the process of structural transformation where the relative share of agriculture in National output falls and of industry and service sector rises. Haryana has also experienced structural changes in its output and employment structure during last four decade since its foundation. The study is carried out to find whether structural changes in the economy of Haryana exist. It is highlighted that sharp decline in the share of agriculture sector in the state income and there is increasing trend or it can be said that accelerated the growth rates is industrial and service sector also. The share of Agriculture and Allied Sectors in GSDP declined from 60.7 percent in 1969-70 to 21.3 percent in 2006-07 while the share of Industry Sector increased from 17.6 percent in 1969-70 to 32.1 percent in 2006-07 in Haryana. The share of Services Sector increased from 21.7 percent to 46.6 percent during this period. Since the 11th Five Year Plan, the pace of structural transformation of the State's economy remained continued. Consequent upon the dynamic growth recorded in Services Sector during this period and onwards, the share of Services Sector in GSVA further strengthened to 50.2 percent in 2018-19 with a decrease in the share of Agriculture and Allied Sectors at 17.5 percent. The present paper is focus on the basic changes facing by the economy of Haryana and the development of Haryana state.