Question

What is a meaning of Indian economy in Indian secondary sector?​

Answer 1

Answer:

Indian economy is termed as the developing economy of the world.

Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developing economy in the world.

Explanation:

• The secondary sector of the economy includes those economic sectors that create a finished usable product and hence depend on primary sector industries for the raw materials.

• This sector includes mining, manufacturing and construction.

• The secondary sector contributes 24% of the share in Indian economy.

I hope it helps.

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