write a short note on the sector of Indian economy
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Answers
Step-by-step explanation:
Indian Economy
They are three sectors in the Indian economy, they are; primary economy, secondary economy, and tertiary economy. In terms of operations, the Indian economy is divided into organized and unorganized. While for ownership, it is divided into the public sector and the private sector. But today, we are only going to talk about the sectors of Indian economy and what consists of these sectors.
Sectors of Indian EconomyThe 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.
One of the major problem that this sector faces is the underemployment and the disguised employment. Underemployment accounts for the workers not working to the best of their capabilities while the latter accounts for the workers not working to their true potential.
Answer:
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Step-by-step explanation:
Economic Sectors
Economic activities result in the production of goods and services while sectors are the group of economic activities classified on the basis of some criteria. The Indian economy can be classified into various sectors on the basis of ownership, working conditions and the nature of the activities