Sector: Indian Economy and Its Sectors

Indian Economy and Its Sectors: The three dominant sectors of the Indian economy are the primary sector , the secondary sector , and the tertiary sector . At the point when we talk about the style of activity, the Indian economy can be separated into two areas or sectors that are unorganised sector and organised sector . Based on the type of produce, the sector is classified as the primary, secondary, tertiary, quarternary, and quinary sectors; the other types of grouping are traditional, digital, private, and public sectors . A sector is a large segment of the economy, while an industry is a specific group of companies or businesses. Here's how analysts and investors use the two terms. A sector is one of a few general segments in the economy within which a large group of companies can be categorized. An economy can be broken down into about a dozen sectors, which can describe nearly all of the business activity in that economy. Sectors of Economic Activities Broadly, the four main sectors in an Economy are: Primary sector This sector deals with the extraction and harvesting of natural resources. These can be renewable resources, such as fish, wool and wind power. Or it can ...