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| 1. |
Define sectors of indian economy with example |
| Answer» They are three sectors in the Indian economy, they are; primary economy, secondary economy, and tertiary economy.i. Primary Sector - The primary sector in India is the sector which is largely dependant on the availability of natural resources in order to manufacture the goods and also to execute various processes. The services in this sector are entirely dependant on the availability of the natural resources in order to keep the day-to-day operations running.ii. Secondary Sector - The economy in the sector is dependent on the natural ingredients which are used to create the services and products offered and which at the end are used for consumption. In terms of value added to the products and services, this sector is the best sector. The major examples that fall under this category are transportation and manufacturing.iii. Tertiary Sector -\xa0This sector contributes the largest in terms of share in GDP in India. The sector is also the service sector and is important when you consider the development of the other two sectors. Example of this sector is all service sectors which IT services, consulting, etc. | |