What is the importance of primary sector in the Indian economy?
Answers
1. Primary Sector
2. Secondary Sector
3. Tertiary Sector
Primary sector makes direct use of natural resources. The primary sector is an economic description, concerned with the extraction of raw materials. This sector includes agriculture, forestry, animal husbandry, fishing, mining etc. This sector is more important in developing countries than in developed countries. This sector generally takes the output of the primary sector and manufactures finished goods. More than 50 % of the Indian population is engaged in this sector in the agriculture and allied activities and produces more than 15 % of the national GDP.
The well being of the other two sectors depends upon the primary sector. If agriculture is well with good yields then secondary which consists of industries will run smoothly. Many industries are based on agricultural products.
Primary sector is still the largest economic sector and plays a significant role in the overall socio-economic development of India.
Answer:
The Indian economy is divided into three sectors.
1. Primary Sector
2. Secondary Sector
3. Tertiary Sector
Primary sector makes direct use of natural resources. The primary sector is an economic description, concerned with the extraction of raw materials. This sector includes agriculture, forestry, animal husbandry, fishing, mining etc. This sector is more important in developing countries than in developed countries. This sector generally takes the output of the primary sector and manufactures finished goods. More than 50 % of the Indian population is engaged in this sector in the agriculture and allied activities and produces more than 15 % of the national GDP.
The well being of the other two sectors depends upon the primary sector. If agriculture is well with good yields then secondary which consists of industries will run smoothly. Many industries are based on agricultural products.
Primary sector is still the largest economic sector and plays a significant role in the overall socio-economic development of India
Explanation: