File Name: primary secondary and tertiary sectors of indian economy .zip
The tertiary sector of the economy , generally known as the service sector , is the third of the three economic sectors of the three-sector theory. The others are the secondary sector approximately the same as manufacturing , and the primary sector raw materials.
A clear understanding of Indian Economy can help you in more than one way. The increasing demand due to its population makes the country a good market.
What are the sectors of the economy? Higher services under tertiary activities are again classified into quaternary and quinary activities. Let us first understand the differences between the different sectors of the economy, so that it will be easier for us to understand the factors responsible for the location of primary, secondary, and tertiary sector industries in various parts of the world including India. It, thus includes hunting and gathering, pastoral activities, fishing, forestry, agriculture, and mining and quarrying.
Primary Sector is directly dependent on environment for manufacture and production. For example, agriculture, mining, farming etc. Secondary Sector adds value to the produ by transforming raw materials into valuable products. For example, processing and construction industries. Tertiary Sector is involved in production and exchange of services. For example, transportation, communication, and other services of such kind. Tertiary Sector is also known as Services Sector as it facilitates the production and exchanges of services.
The sector contributed GVA at basic prices at current prices in the second quarter of is estimated at Rs. The Government of India recognises the importance of promoting growth in services sector and provides several incentives across a wide variety of sectors like health care, tourism, education, engineering, communications, transportation, information technology, banking, finance and management among others. The Government of India has adopted few initiatives in the recent past, some of these are as follows:. Services sector growth is governed by domestic and global factors. The implementation of the Goods and Services Tax GST has created a common national market and reduced the overall tax burden on goods.
Formulae Handbook for Class 10 Maths and Science. Page 35 Q1: Fill in the blanks using the correct option given in the bracket:. Answer: i Employment in the service sector has not increased to the same extent as production. Q2: Choose the most appropriate answer. Answer: a iii b i c ii d iii.
Problems faced by farming sector. The rest are workers in the public sector, while his profession is part of the private sector. Place of work. People working on the street, construction workers, domestic workers. Working in small workshops usually not registered with the government. Do you think the classification of economic activities into primary, secondary and tertiary is useful?
The rate of growth in manufacturing was not adequate to absorb the surplus labour, the share of the services sector in both GDP and employment rose, and the structural shift from agriculture to services lowered the rate of growth in agriculture, perhaps because the backward linkage of services to agriculture is weak. Services-based growth is demand-oriented and, hence, termed less sustainable. In most of the services in India, growth and employment are followed by a growth in GDP—rather than leading it Zalk
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