A data science view on effects of agriculture & industry sector on the GDP of India

Abstract

Gross Domestic Product is the measure of the market value of all finished goods and services produced annually (often). It is one of the important measures of growth in country’s economy. The agriculture and industry sectors have played a major role in Indian economic growth since its establishment as an independent country. For an industry sector to be successful the raw material should be available at a viable price range which is not the case if there is a decline in agriculture production, the major supplier of raw materials to industry. We’ll be analyzing the effect of changes in the industry and agriculture sector on the GDP of India with the help of data science and machine learning methodologies. We’ll also look at the trends of GDP and industry shares with changing agriculture contribution. The knowledge of data science is implemented to bring out the hidden patterns that provide insights about future enhancements. This work helps in determining the major changes in the agriculture and industry sector that hinder GDP growth.