Compare the rate of growth of tertiary sector with primary and secondary sectors in terms of gdp and employment
Answers
Answer:
primary-currently it contributes only 17% of Indian GDP at current prices. It is worth to mention that agriculture sector provides jobs to around 53% population of India.
secondary- Currently it is contributing around 29 % of the Indian GDP (at current prices).
tertiary--this sector is the backbone of the Indian economy and contributing around 53% of the Indian GDP.
Answer:
In terms of growth rate, tertiary sector in India is ahead of both the primary sector as well as secondary sector. As per the estimates, in 2003 tertiary sector contributed approximately 55% to GDP while the primary sector and secondary sector contributed approximately 25% and 20% respectively.
However, contrary to this, it is the primary sector which is the employs the highest proportion of workforce. As per the estimates, in 2003, primary sector accounted for approximately 65% of the employment while secondary and tertiary sector accounted for approximately 15% and 20% respectively.
Explanation: