In contrast to the experience of the late 1990s, during the early part of the new millennium the response of spending to rising productivity growth was comparatively weak. Investment spending was particularly slow to respond to the further increase in productivity growth, for reasons that are still debated.
Agricultural investment While structural transformation from agriculture to services led growth is a positive feature, corresponding movement in terms of population dependent on respective sectors has not occurred. The share of agriculture in total income has dropped to 17 per cent; still more than 60 per cent of population continues to draw its livelihood from this sector.