FAQs on Major Minor Sector & Segments Video Lecture - Crash Course for UAE Grade 10
|1. What is the difference between major and minor sectors in the context of the Indian economy?
Major sectors refer to the broad categories of economic activities in an economy, namely agriculture, industry, and services. These sectors contribute significantly to the overall GDP and employment generation. On the other hand, minor sectors are smaller segments within these major sectors, focusing on specific activities or industries within them. While major sectors have a more significant impact on the economy, minor sectors play a crucial role in niche areas and can contribute to overall growth and development.
|2. Can you provide examples of major sectors in the Indian economy?
Certainly! Major sectors in the Indian economy include agriculture, which encompasses activities related to cultivation, farming, and livestock. The industry sector comprises manufacturing, mining, construction, and other industrial activities. Lastly, the services sector covers a wide range of activities such as trade, finance, transportation, communication, education, healthcare, and tourism.
|3. What are some examples of minor sectors in the agriculture sector?
Minor sectors within the agriculture sector can include segments like horticulture (cultivation of fruits, vegetables, and flowers), sericulture (silk production), apiculture (beekeeping), pisciculture (fish farming), and floriculture (flower cultivation). These minor sectors focus on specific agricultural activities and contribute to the overall growth and diversification of the agriculture sector.
|4. How do major and minor sectors contribute to employment generation in the Indian economy?
Both major and minor sectors play a vital role in employment generation in the Indian economy. Major sectors such as agriculture, industry, and services provide employment opportunities on a large scale. For example, agriculture employs a significant portion of the rural population, whereas the industry sector creates jobs in manufacturing units, mines, and construction sites. Minor sectors within these major sectors also contribute to employment generation by providing job opportunities in niche areas. For instance, floriculture can create employment for individuals specializing in flower cultivation and trade.
|5. Are there any significant challenges faced by minor sectors in the Indian economy?
Yes, minor sectors in the Indian economy face several challenges. Some of the common challenges include limited access to credit and financial resources, lack of infrastructure and technology, inadequate marketing and distribution networks, and limited government support. These challenges often hinder the growth and development of minor sectors. However, initiatives like government schemes, subsidies, and supportive policies can help overcome these challenges and promote the growth of minor sectors, leading to overall economic progress.