Contribution of primary sector is less in GDP than employment. Give reasons.
Answers
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What is GDP mainly?
GDP is measured over specific time frames, such as a quarter or a year. GDP as an economic indicator is used worldwide to show the economic health of a country.
Full Form of GDP
Gross Domestic Product
What is Primary Sector?
The Primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, forestry, fishing and mining.
The question asked
Q.Contribution of primary sector is less in GDP than employment? Give reasons.
Answer.As of only Primary sectors contribute 53% of all India's GDP(Gross Domestic Product).
Reason of primary sector ruling GDP?
Primary sector is ruling the economy develops, increased labour productivity will enable workers to leave the agricultural sector and move to other sectors, such as manufacturing and the service sector.
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Explanation:
For example, in 2018, agriculture, forestry, and fishing comprised more than 15% of GDP in Sub-Saharan Africa but less than 1%
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