what is the main contribution primary ,secondary and tertiary in Indian economy 100 words
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Three sectors – Primary, Secondary and Tertiary.
Primary = Agriculture related.
Secondary = Industry related.
Tertiary = Service related.
Sector share towards GDP : Tertiary (60%)> Secondary (28%)> Primary(12%).
Sector share by working force : Primary (51%)> Tertiary (27%) > Secondary (22%)>
Primary Sector
The primary sector in India is the sector which is largely dependant on the availability of natural resources in order to manufacture the goods and also to execute various processes. The services in this sector are entirely dependant on the availability of the natural resources in order to keep the day-to-day operations running.
As we have the clear idea of this sector is, the best example to discuss in this sector is the agriculture sector. The other examples in this sector include fishing and forestry, but agriculture accounts for the largest in this sector.
Secondary Sector
The economy in the sector is dependent on the natural ingredients which are used to create the services and products offered and which at the end are used for consumption. In terms of value added to the products and services, this sector is the best sector. The major examples that fall under this category are transportation and manufacturing.
Both these sectors end product is the consumption by the people. This sector is responsible for the employment of almost 14 percent of the entire workforce currently working in India. The secondary sector also contributes to almost 28 percent of the share of GDP. This sector is the backbone of Indian economy and there are more development and growth in the near future.
Tertiary Sector
This sector contributes the largest in terms of share in GDP in India. The sector is also the service sector and is important when you consider the development of the other two sectors. Like the previous sector, this sector also adds the value to the products. This sector is responsible for employing 23 percentage of the workforce out of the total workforce currently working in India.
The example of this sector is all service sectors which IT services, consulting, etc. This sector contributes to almost 59 percent of the total share of GDP. The main problem that this sector is that the jobs which involve lower salaries do not attract much employment. And this remains the future dilemma as India is looking for double-digit growth in the near future.
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All sectors give their own contribution in the development of India.
PRIMARY SECTOR
This sector provides employment to about 60% of population of India. This sector is important but more than that needed. If worker is working , he is removed the production doesn't fall. Because of the large employment engaged in of India it provides about 25% (approx.) of food production in the world.
SECONDARY SECTOR
Secondary sector was increased but now because of rules and laws they quit.