On
the basis of ownership and management, sectors are classified as private
sector, public sector and joint sector. On the basis of nature of activities,
various productive activities are mainly classified into three sectors.
a) Primary Sector: - it is also called as agricultural
sector. Occupations mainly based on natural resources are included in primary
sector. For e.g. Agriculture and activities like animal husbandry, poultry
farming, fisheries, forestry, mining etc.
In a developing economy like India, more than
half of the population is engaged in the primary sector.
b) Secondary Sector: -It is also called as industrial sector.
It includes occupations related to manufacturing, construction work,
electricity, natural gas, water supply etc.
c) Tertiary sector: -it is also knownas service sector. It
includes services like transport, communication, banking, insurance, trade,
finance, health, education, hotels, entertainment etc.
‘Sectoral distribution of GDP’ is
an index which measures economic development
of a country.
In
India, the contribution of secondary and tertiary sector in G.D.P. is rising.
It indicates an increase in India’s economic development.
