1.

What is the significance of Secondary sector in Indian economy? How does it help in the economic development of the country?

Answer»

Secondary Sectors importance in Indian economy: 

(i) The Secondary sector contributes more than 20% to the GDP of India.

(ii) It provides employment to the people.

(iii) It provides goods to the people like cloth, sugarcane, iron and steel.

(iv) The Secondary sector promotes the development of the Primary and the Tertiary sectors.

It produces instruments and appliances that directly help Primary sector for better production.
It assimilates disguised unemployment and the workers of Primary sector in their leisure period and could not let them escape from their activities. It also contributes significantly to the GDP of India and employment basket.


Discussion

No Comment Found

Related InterviewSolutions