Indian economy may be classified into two sectors”. Discuss the two sectors.
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The three main sectors of the Indian economy are: primary, secondary and tertiary. When we talk about the style of operation, the Indian economy can be divided into two sectors- organized and unorganized. Again, in terms of ownership, the Indian economy can be divided into two sectors- public sector and private sector.
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India is one of the largest, if not the largest economy in the world. It is predicted to be the second largest economy in the world by 2050. So, what contributes to the Indian economy? To answer this, we need to divide India’s economy into three parts and study the sectors of Indian economy in detail. We will also discuss the problems faced by each sector and solutions to these sectors respectively.
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