However, this growth has not yet brought about a major structural transformation of the economy. The majority of the workforce, around 70 percent, is still employed in smallholder agriculture where productivity per worker is very low; average value added per worker in agriculture is only $ per year.
Further, domestic scheduled commercial banks have been permitted to open branches in rural, semi urban and urban centres in the North Eastern States and Sikkim, without the need to take permission from Reserve Bank in each case, subject to reporting. iii.