what are the significance of secondary sector of Indian economy
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Answered by
8
Secondary sector involves the industrial production. Industrial
activities use up the materials produced in the Primary sector and produce final products for consumption.
In the process, it creates massive employment of various scales. It also induces service sector like transport, market etc to flourish.As all the sectors of economy are interdependent, Secondary sector has a great contribution for the sustenance and growth of other sectors. Secondary sector induces growth and productivity to Primary sector and helps in nourishment of Tertiary sector. It produces instruments and appliances that directly help Primary sector for better production.
It assimilates disguised unemployment and the workers of Primary sector in their leisure period and could not let them escape from their activities. It also contributes significantly to the GDP of India and employment basket.
activities use up the materials produced in the Primary sector and produce final products for consumption.
In the process, it creates massive employment of various scales. It also induces service sector like transport, market etc to flourish.As all the sectors of economy are interdependent, Secondary sector has a great contribution for the sustenance and growth of other sectors. Secondary sector induces growth and productivity to Primary sector and helps in nourishment of Tertiary sector. It produces instruments and appliances that directly help Primary sector for better production.
It assimilates disguised unemployment and the workers of Primary sector in their leisure period and could not let them escape from their activities. It also contributes significantly to the GDP of India and employment basket.
Answered by
14
The secondary sector of the economy converts raw material into finished goods. This sector includes manufacturing, processing and construction units.
Significance of secondary sector in Indian economy is as follows:
The national income is increasing due to increase in number of manufacturing units and increase in industrial production.
As number of industries is increasing in India, employment is also increasing.
Industrial sector has contributed much in creation of infrastructure by providing machinery and equipment needed to build infrastructure.
Today it is due to the secondary sector that a variety of goods are available to consumers at cheaper rates.
I HOPE IT'S HELPS U.
Significance of secondary sector in Indian economy is as follows:
The national income is increasing due to increase in number of manufacturing units and increase in industrial production.
As number of industries is increasing in India, employment is also increasing.
Industrial sector has contributed much in creation of infrastructure by providing machinery and equipment needed to build infrastructure.
Today it is due to the secondary sector that a variety of goods are available to consumers at cheaper rates.
I HOPE IT'S HELPS U.
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