Indian Economy – Sectors

· Economy is normally categorized into three sectors namely −

• Primary Sector
• Secondary Sector
• Tertiary Sector

Primary Sector

· Primary Sector is directly dependent on environment for manufacture and production. For example, agriculture, mining, farming etc.

Secondary Sector

· Secondary Sector adds value to the produ by transforming raw materials into valuable products. For example, processing and construction industries.

Tertiary Sector

· Tertiary Sector is involved in production and exchange of services. For example, transportation, communication, and other services of such kind.

· Tertiary Sector is also known as Services Sector as it facilitates the production and exchanges of services.