10 Questions
What percentage of India's GDP is contributed by the Agriculture Sector?
18-20%
The Industry Sector is a primary sector.
False
What are the three sub-sectors of the Industry Sector?
Mining, Construction, and Manufacturing
The Service Sector contributes around ______________ to India's GDP.
55-60%
Which of the following is an example of a Public Sector enterprise?
Indian Railways
The Private Sector is owned and controlled by the government.
False
What are the four sub-sectors of the Service Sector?
Trade, Transport, Communication, and Finance
The Agriculture Sector employs around ______________ of the workforce.
50%
Match the following sectors with their contributions to India's GDP:
Agriculture = 18-20% Industry = 25-30% Service = 55-60% Public Sector = Not applicable Private Sector = Not applicable
Which of the following is NOT a characteristic of the Agriculture Sector?
Provides services
Study Notes
Sectors of Indian Economy
The Indian economy is broadly classified into five sectors:
Agriculture Sector
- Primary sector that involves growing and harvesting of crops, livestock, and other plant and animal products
- Contributes around 18-20% to India's GDP
- Employs around 50% of the workforce
- Crops: foodgrains (rice, wheat, maize), non-foodgrains (cotton, jute, sugarcane), plantation crops (tea, coffee, rubber)
- Importance: provides food, employment, and raw materials for industries
Industry Sector
- Secondary sector that involves manufacturing and processing of goods
- Contributes around 25-30% to India's GDP
- Sub-sectors:
- Mining (extraction of minerals and metals)
- Construction (infrastructure development)
- Manufacturing (production of goods)
- Importance: provides goods for domestic consumption and exports, generates employment
Service Sector
- Tertiary sector that involves provision of services
- Contributes around 55-60% to India's GDP
- Sub-sectors:
- Trade (wholesale and retail)
- Transport (road, rail, air, water)
- Communication (telecom, IT)
- Finance (banking, insurance, stock market)
- Tourism
- Importance: provides services that support other sectors, generates employment, and contributes to economic growth
Public Sector
- Owned and controlled by the government
- Enterprises: public sector undertakings (PSUs), government departments, and statutory corporations
- Examples: Indian Railways, State Bank of India, Bharat Heavy Electricals Limited (BHEL)
- Importance: provides essential goods and services, generates revenue, and promotes social welfare
Private Sector
- Owned and controlled by private individuals, companies, or organizations
- Enterprises: private companies, partnerships, sole proprietorships
- Examples: Tata Group, Reliance Industries, Infosys
- Importance: provides goods and services, generates employment, and promotes economic growth and competition
Sectors of Indian Economy
Agriculture Sector
- Primary sector that involves growing and harvesting of crops, livestock, and other plant and animal products
- Contributes around 18-20% to India's GDP
- Employs around 50% of the workforce
- Key crops include foodgrains (rice, wheat, maize), non-foodgrains (cotton, jute, sugarcane), and plantation crops (tea, coffee, rubber)
- Provides food, employment, and raw materials for industries
Industry Sector
- Secondary sector that involves manufacturing and processing of goods
- Contributes around 25-30% to India's GDP
- Sub-sectors include mining, construction, and manufacturing
- Provides goods for domestic consumption and exports, generates employment
Service Sector
- Tertiary sector that involves provision of services
- Contributes around 55-60% to India's GDP
- Sub-sectors include trade, transport, communication, finance, and tourism
- Provides services that support other sectors, generates employment, and contributes to economic growth
Public Sector
- Owned and controlled by the government
- Enterprises include public sector undertakings (PSUs), government departments, and statutory corporations
- Examples include Indian Railways, State Bank of India, and Bharat Heavy Electricals Limited (BHEL)
- Provides essential goods and services, generates revenue, and promotes social welfare
Private Sector
- Owned and controlled by private individuals, companies, or organizations
- Enterprises include private companies, partnerships, and sole proprietorships
- Examples include Tata Group, Reliance Industries, and Infosys
- Provides goods and services, generates employment, and promotes economic growth and competition
Learn about the different sectors of the Indian economy, with a focus on the agriculture sector, its contributions to GDP and employment, and its importance.
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