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Sectors of Indian Economy Video Lecture | Economics Class 12 - Commerce

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FAQs on Sectors of Indian Economy Video Lecture - Economics Class 12 - Commerce

1. What are the different sectors of the Indian economy?
Ans. The different sectors of the Indian economy are primary sector (agriculture, mining, forestry, etc.), secondary sector (manufacturing, construction, etc.), and tertiary sector (services, trade, tourism, etc.).
2. What is the contribution of the primary sector to the Indian economy?
Ans. The primary sector contributes around 15-16% to the Indian economy. It includes activities like agriculture, mining, fishing, forestry, etc., which involve the extraction of natural resources.
3. How does the secondary sector contribute to the Indian economy?
Ans. The secondary sector plays a significant role in the Indian economy by contributing around 30-31%. It includes manufacturing industries, construction, and infrastructure development, which add value to the raw materials obtained from the primary sector.
4. What is the significance of the tertiary sector in the Indian economy?
Ans. The tertiary sector is the largest contributor to the Indian economy, accounting for around 53-54%. It encompasses various services like banking, education, healthcare, tourism, transportation, etc., which directly cater to the needs of individuals and businesses.
5. How has the Indian economy evolved in terms of sectoral contribution?
Ans. Over the years, there has been a gradual shift in the Indian economy's sectoral contribution. Initially, the primary sector had the largest share, but with economic growth, the tertiary sector has gained prominence. This transition reflects the country's development and the increasing importance of services in the modern economy.
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