Sectors of the Indian Economy

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Introduction

  1. In this chapter, we will look at ways of classifying economic activities into some meaningful groups.
  2. One way of doing this is to examine whether the activity relates to the primary, secondary or tertiary sectors.
  3. The data for India, for the last thirty years, shows that while goods and services produced in the tertiary sector contribute the most to GDP, the employment remains in the primary sector.
  4. We will also see ways for increasing employment opportunities in the country.
  5. Another classification is to consider whether people are working in organised or unorganised sectors.
  6. We will also look on difference between private and public activities and why it is important for public activities to focus on certain areas.