Primary Sector of Economy

Support System for Industrial Activity

• A support system is necessary to facilitate industrial activity, with sectors like transport and finance playing a crucial role.

Primary Sector

• Activities in this sector involve the direct use of natural resources.
• Examples include agriculture, mining, fishing, forestry, and dairy.
• Also known as the Agriculture and Allied Sector due to its focus on natural products.
• Workers in this sector are called red-collar workers due to the outdoor nature of their work.

Secondary Sector

• This sector encompasses industries that use natural materials from the primary sector to produce finished goods.
• Examples include industrial production, cotton fabric, sugar cane production, and steel manufacture.
• Also known as the industrial sector.
• Workers in this sector are called blue-collar workers.

Core Industries

• Eight core industries are electricity, steel, refinery products, crude oil, coal, cement, natural gas, and fertilizers.
• The Index of Eight Core Industries is a monthly production index and a lead indicator of industrial performance.

Tertiary Sector/Service Sector

• Activities in this sector support the development of primary and secondary sectors.
• Examples include services that help in the development of other sectors.

State Economy

• India adopted a mixed economy approach, with public and private sectors coexisting.
• The public sector played a prominent role in the initial years, but its influence was later restricted.
• The private sector's role has increased over time, leading to a unique brand of mixed economy suitable to India's conditions.

Economic Sectors

• Economic sectors are classified based on ownership, working conditions, and nature of activities.
• The Indian economy has evolved over time, with a shift from primary to secondary and tertiary sectors.

Quaternary Activities

• Specialized tertiary activities in the 'Knowledge Sector' that demand a separate classification.
• The quaternary sector is the intellectual aspect of the economy, enabling innovation and improvement in services.
• Examples include personnel working in office buildings, hospitals, and education institutions.

Quinary Sector

• The quinary sector involves top-level decision-making, including the government, industry, commerce, and education.
• Services in this sector focus on creation, interpretation, and evaluation of new and existing ideas and technologies.

Organised Sector

• In this sector, employment terms are fixed and regular, with assured work and social security.
• The sector is registered with the government, and various acts apply to enterprises in this sector.
• Examples include schools and hospitals, with workers enjoying security of employment and fixed working hours.