what is the importance of primary sector in indian economy ,conclusion
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Agriculture plays a vital role in the Indian economy. ... Agriculture, along with fisheries and forestry, accounts for one-third of the nation's Gross Domestic Product and is its single largest contributor. Primary Sector Contributes 18.20% of GDP. 13.92% and 16.12 % respectively.
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Importance of Primary sector:
- Primary Sector provides the basic needs of economy for food and mineral ores.
- It produces some of the raw materials (like jute, cotton, coal extracted from mines) for the industrial sector.
- The Primary sector continued to be the largest employer in the economy even in the year 2000, the reason being that Secondary and Tertiary sectors still do not create enough jobs.
- The agricultural population in the Primary sector provides a very large market of consumers for the Secondary sector (for buying finished products like clothes, goods of daily need, fertilizers, etc.).
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