1.

Classify the following examples into organized and unorganized sectors.

Answer»

India is a developing country. Due to the new economic policy formulated in 1991 the economy of India has gained pace. The proportion of primary and secondary sector activities has increased. Consequently, the service sector has got a boost due to these two sectors. The contribution of the service sector to Indian economy was 17.2% in 1950-51 which has increased to 25.8% in 1999-2000.

The contribution of the service sector to India’s national income was 28 % in 1950 – 51 which has increased to 49.2 % in 2001-02. This is how the importance of service sector has been increasing in the field of employment and national income. Thus, it can be said that the importance of the service sector is increasing day by day in India.



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