Question

Primary sector and secondary sector gdp contribution

Answer 1

The three-sector theory is an economic theory which divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary). It was developed by Allan Fisher, Colin Clark and Jean Fourastié.

Answer 2

Primary sector -It include all agriculture and allied activities.secondary sector -It include all manufacturing activities i.e converting raw material into finished goods.when Indian economy were not open for private sector that time primary sector dominated the GDP.

when india adopted Liberalisation, privatisation and globalisation policy their is a turn around in GDP contribution by the primary sector and territory sector .

Today share contribution by different sector are as follow.

Primary sector -16–17%

Secondary sector -23–24%