Economic development has been seen as both a cause and an outcome of structural transformation. The transformation at national level is concluded to be stunted one, various factors were studied and analyzed to make a record of structural transformation in Indian economy for last few years. A decline in the GDP level was observed from 2007 (1046.9 UD$) till 2020 (1935.04 UD$). Among the sectors of economy, the agriculture sector contributed least to GDP in 2018 (15.97 per cent) and highest in 2021 (20.19 per cent). The CAGR was also computed and the agriculture (33%) and service (35%) sectors have shown a positive CAGR, whereas, industry sector witnessed a negative growth rate of 32 per cent. Among the major states of India, lowest per capita income was in Bihar (` 39170.3) and highest in Haryana (` 217402.8), which is about five times that of Bihar. It can be inferred that in terms of agricultural production, over a decade, pulses witnessed highest growth (3.16%), followed rice (2.22%), wheat (2.13%), cereals (2.0%),food grains (1.93%) and non-food grains (0.47%). The maximum share of agriculture in GSDP was seen in 2021 (20.19%) and least in 2018 (15.97%). A decrease in the share of agriculture in total work force was noticed from 2010 (52%) to 2021 (42%). The Gap analysis showed that, maximum gap was observed during 2010 (34.97%) and minimum in 2021 (21.81%). The percentage of employment in agriculture decreased

from 2001 (59%) till 2021 (42%) due to many factors like the increase in urbanization, modernization, industrialization etc.

Highlights

• A positive CAGR was found for the agriculture and service sectors, whereas, industry sector witnessed a negative growth rate.
• Among the major states of India, lowest per capita income was in Bihar and highest in Haryana.