Disparity Analysis of Structural Transformation in India: A Path Ways To Vikasit Bharat-2047

Abstract

Structural transformation refers to the reallocation of economic activities and resources from low-productivity sectors to high-productivity sectors, particularly from agriculture to industry and subsequently to the service sector. This paper analyses the disparity in structural transformation in India with special reference to Andhra Pradesh. The study examines sectoral changes in output, employment, and investment patterns over time and evaluates the role of technological progress, industrialization, and service sector expansion in economic development. Drawing upon the ideas of A.G.B. Fisher and later development economists, the paper highlights how progressive economies experience a steady shift from primary activities to secondary and tertiary sectors.