ECONOMICSPRESENTATION

SECTORS OF INDIAN ECONOMY

THERE ARE MAINLY THREE SECTORS OF INADIAN ECONOMY,

THEY ARE :- 1. PRIMARY

2. SECONDARY 3. TERTIARY

[1] PRIMARY SECTOR (AGRICULTURAL SECTOR)

The primary sector of the economy is the sector of an economy making direct use of natural resources. This includes agriculture, forestry, fishing andmining. This is contrasted with the secondary sector, producing manufactured goods, and the tertiary sector, producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries

[2] SECONDARY SECTOR (INDUSTRIAL SECTOR)

The secondary sector of the economy includes those economic sectors that produce a finished, usable product: production and construction.

This sector generally takes the output of the primary sector and manufactures finished goods or where they are suitable for use by other businesses, for export, or sale to domestic consumers.

This sector is often divided into light industry and heavy industry. Many of these industries consume large quantities of energy and require factories and machinery to convert the raw materials into goods and products. They also produce waste materials and waste heat that may pose environmental problems or cause pollution. It supports both primary and tertiary sector

[3] TERTIARY SECTOR (SERVICE SECTOR)

The service sector consists of the "soft" parts of the economy, i.e. activities where people offer their knowledge and time to improve productivity, performance, potential, and sustainability, what is termed affective labor.

The basic characteristic of this sector is the production of services instead of end products. Services (also known as "intangible goods") include attention, advice, access, experience, and discussion. The production of information is generally also regarded as a service, but some economists now attribute it to a fourth sector, the quaternary sector.

GDP (GROSS DOMESTIC PRODUCT) :

The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period -

GDP is expressed as a comparison to the previous quarter or year. For example, if the year-to-year GDP is up 3%, this is thought to mean that the economy has grown by 3% over the last year.

Measuring of GDP:

Measuring GDP is complicated (which is why we leave it to the economists), but at its most basic, the calculation can be done in one of two ways: either by adding up what everyone earned in a year (income approach), or by adding up what everyone spent (expenditure method). Logically, both measures should arrive at roughly the same total.

GROUP MEMBERS:-

6. HANIYA HEDAYTH

5. FATHIMA THASNEEM

4. FATHIMA IRSHANA