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economy of jammu and kashmir

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Modern economic growth means more than increases in per capita output and rise in total factor productivity. As the per capita income increases the structural transformation in terms of employment and output of the economy changes. The best known structural shift is the decline in the number of people working in the agriculture and its allied sectors and rise in their number in industry and the service sector. One clear pattern of changing economic structure in the course of economic development is that as the per capita income raises the share of industry in gross national product rises. It is