Question
Write a note on the sectors of the Indian Economy$?$
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Answer
All occupations are economic activities and they are classified into three sectors of the economy in any country.
- In India we have the following divisions of economic activities:
- The Primary sector includes all activities related with nature like agriculture, cattle rearing, fishing, poultry farming, collection of forest products and mining.
- Primary sector dominates in a developing country and contributes the most in employment generation and National Income.
- It includes manufacturing activities like small and large scale industries, factories, construction, electricity, gas and water supply. This sector produces small things like pins to gigantic machines.
- It includes activities like $(WIBCATHE)$ waterways, warehousing, insurance, banking, communication, airways, transport, trade, tourism, health, education and entertainment.
- Primary sector dominates in a developing country and contributes the most in employment generation and National Income.
- With economic development the importance of the primary sector decreases and the importance of secondary and service sector increases.
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