Business Studies, asked by shreshthakokatpejpzh, 1 year ago

Write a short note on primary industry

Answers

Answered by Abhishek75700
20
Heya there!!

your \: short \: note

●○ The packaging and processing of the raw material associated with this sector is also considered to be part of this sector.This has been attributed to the fact that government spending in this sector has almost doubled, though private spending has not witnessed such a sharp growth. The primary sector of the economy extracts or harvests products from the earth. primary sector witnessed a reasonable rate of growth during the eleventh five year plan when compared to the tenth plan. This has been attributed to the fact that government spending in this sector has almost doubled, though private spending has not witnessed such a sharp growth.

●○ A RBI bank report quotes that this sector has witnessed an enormous growth of 30% during the preceding half decade .
The food processing sector is growing at a whopping 13% and it shall be the engine for the growth of this sector. The
Agri-Biotech sector has tremendous scope for growth in India with the growing of transgenic rice and genetically engineered vegetables offering tremendous growth opportunities.

●○The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture both subsistence and commercial ,mining, forestry, farming, grazing, and gathering, fishing, and quarrying.

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Answered by theking20
10

Short note on primary industry is as follows:

  • The end purpose of some activities which includes exploitation of natural resources such as fishing, mining, agriculture, hunting and forestry.
  • Collecting and extracting the natural resources are main work of primary industry.
  • The process of making products from natural resources and raw materials are also included in their working method.
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