Question

short note on structure of the indian economy at the time of economy

Answer 1

• Indian economy is basically based in the contribution of service sector (currently provides 60% share of GDP) and near about 53% of its population is dependent on the Agriculture. As soon as the time is passing, the share of Agriculture is decreasing and share of service sector is increasing.

Answer 2

Answer: At the time of independence, Indian economy was predominantly rural and agricultural. They are three sectors in the Indian economy, they are; primary economy, secondary economy, and tertiary economy. In terms of operations, the Indian economy is divided into organized and unorganized. While for ownership, it is divided into the public sector and the private sector.

• THE PRIMARY SECTOR ARE INVOLED IN NATURAL PRODUCTS.
• THE SECONDARY SECTOR COVERS ACTIVITIES INTO WHICH NATIONAL PRODUCTS ARE CONNECTED INTO OTHER FORM THROUGH MANUFACTURING.

• TERTIARY SECTORS PROVIDES SERVICES FOR THE PRODUCTION OF GOODS IN THE SECONDARY SECOR AND THE PRIMARY SECTOR. THUS, THE SECTORS OF ECONOMY ARE INTERDEPENDENT.

Explanation: