The Indian economy is often characterized by its dual structure, wherein the modern sector coexists with the traditional sector. Which of the following best describes the implications of this coexistence of two sectors on economic development in India?
1
Promotes equal income distribution across sectors
2
Leads to significant disparities in productivity and income levels
3
Enhances technological diffusion between sectors
4
Ensures balanced regional development
5
Facilitates seamless labor mobility between sectors