Sectors of Indian

Economy

Best Handwritten Notes

2023
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F÷EgJr.7 Padhai Ak Mazza
 Sectors of Economic Activities
Sectors defines of the
a
large segment Economy in which businesses

share the same on a related product OR service

1
of natural
😎When produce good by Extraction and collection
.

we a

resources ,
it is known as the
primary
sector F-
g. Farming , forestry
hunting , fishing and mining

2. The Secondary Sector covens activities in which natural products are

forms of
changed into Other
through ways manufacturing
😃
the next step after
primary .

Some
manufacturing processes are required here It is also called the industrial sector

Ex -

Using cotton fibre from the plant ,

we spin Yann and weave cloth

Includes activities that help

3
Tertiary sector - in the development of the
primary and Secondary Sector

These activities , by themselves ,

do not
produce a
good but
they are an aid OR
support for the

production process It is also called the service sector Ex -

Teachers ,
doctors
, lawyers ,
call centre
,
barbers .

Comparing the 3 Sectors F☐:÷hJ

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The value of final goods and services produced in Each sector during a
particular year provides the total

of the sector for Year

production that

The Sum of production the three Gross Domestic product of the value of all final
in sectors gives a
country . GDP is

goods and services produced within a

country during a particular yeah . Shows how
big the
Economy is in India

The task of
measuring GDP is taken by Central Government ministry .

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 It the year 2013-14 ,
the
tertiary sector
Emerged as the
largest producing sector in India , replacing
the sector
primary

The
tertiary sector has become important in India because of the
following reasons .

1. Services Such ,
as hospitals ,
Educational institutions , post and telegraph services , police stations
,
Counts

, Village administrative offices , municipal corporations , defence , transport ,

banks ,
insurance companies
considered basic services and for all people
are as are
necessary

2 .
The development of agriculture and industry leads to the development of services such as

transport ,
trade storage etc

the of start
3. With the rise in income people , they demanding more services like Eating out

tourism , shopping , private schools , professional training etc .

4- Over the
past decade ,
certain new services based on information and communication tech

have became important and Essential

Where are most people employed

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😇Primary Sector Secondary Sector Tertiary Sector
More than half of the workers in India These sectors employ less than half of the people as compared to

working in the section the sector

are
primary primary
mainly in agriculture

m
👨💼
.g g

How to create more employment

Employment can be
given
to people by identifying promoting and locating industries and services in

semi -
rural Areas

Every State or
region has the potential for
increasing the income and
Employment for people in that area

It be done
by tourism Regional Craft industry and from
can
,
or on new services like IT an Estimate
by NITI

created the Education

Aayog 20 Lakh Jobs can be in sector alone

The Central Govt . in India Mada a law .

Implementing the Right to work in about 625 districts of India

which is Mahatma Gandhi National Rural

Employment Guarantee Act CMGNREGA) 2005

Under MGNREGA 2005 all those who are able to

,
and are in need of work in rural areas guaranteed 100 days
of if failed
Empolymcnt in a Year
by the Government .
unemployment allowances to people

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Division of sectors as Organised and Unorganised
'
Organised sector Unorganised sector

It is the sector where

Employment terms are fixed and The
unorganised sector is Chanatensed
by small

regular and the assured work and scattered units which Outside
, Employees get are largely
the control of the Govt .

They are
registered by the Government and have to They does not follow
any Rules and Regulations
😛
follow rules and
regulations which are
given by the by the Govt

Govt .

The job is fixed and dobs paid

regular and has
working hours are low -
and Often not
regular
get paid for Overtime

Job Security is there

Employment is not secure

People working get several other Ben fits such as Paid No Other Benefits

leave Provident fund etc

,

Good Environment No such facilities provided

working when
they retire they
get pension

Ex Government Industrial workers etc Ex Domestic works

employees , Shopkeeping Farming
-
-

, ,

How to protect workers in Unorganised sector

There is a need for protection and support of the workers of
Unorganised sector .

1 The fix the

government can minimum
wages
rate and working hours

2 The Government self

can provide Cheap loans to
Employed people
3 Government can provide basic services like Education ,
health food to these workers

4 The Government can frame new laws to provide provision for Overtime Paid leave etc
,

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 Sectors in term of ownership Public and Private sectors

Public sector Private sector

In the the government of In the of assets
public sector ,
owns most the
private Sector , Ownership and

assets and provides all the services delivery of services is in the hands of private
individuals 012 Companies

Railways OR Post office is an Example of Public Sector Companies like Tata iron and steel Company
limited 012 Reliance are privately owned

The purpose is not to Just Earn profit main aim is The purpose is to Earn more and more profits
Public welfare

Responsibilities of Government
There are large number of activities which are primary responsibility of the government Here are few of them

1 the
Gout raises
money through tax to meet Expanses on services
given by them

2 Govt have to Undertake heavy spending such as the Construction of roads bridges railways ,
bamboos

dams to provide water for irrigation Also it has to Ensure that these facilities are available for
,

Everyone

3 There are some activities ,

which the Government has to support to
Encourage the private sector

4 The govt buy wheat and rice at fair price from the farmers and sell at lower prices which support
both farmers and consumers

S
Running proper schools and
providing Quality Education
,
health facilities for all

6 Gout also needs to attention to aspects of Human development such as availability of safe water housing facilities
pay ,

for poor and food and nutrition

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