The Sectors of Indian Economy
ICSE · Class 9 · Economic Applications
Complete topic list for The Sectors of Indian Economy in ICSE Class 9 Economic Applications. Key concepts, sub-topics, and what to focus on for board exams.
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1. Main Sectors of the Indian Economy
- Primary sector includes activities done with the help of natural resources.
- It includes agriculture and allied activities such as animal husbandry, forestry, and fisheries.
- Primary sector largely consists of the agriculture sector.
2. Sectoral Change in GDP and Employment
- The share of agriculture and allied sector in GDP fell from 51.9% in 1950-51 to 17.5% in 2022-23.
- The share of industrial sector in GDP rose from 18.6% in 1950-51 to 28.0% in 2022-23.
- The share of service sector in GDP rose from 29.5% in 1950-51 to 54.5% in 2022-23.
3. Importance and Problems of Agriculture
- Agriculture is the largest and the most important sector of Indian economy.
- Agriculture constitutes the backbone of Indian economy at the present juncture.
- Agriculture is the main source of employment in India.
4. Industrial Sector and Industrialisation
- Manufacturing sector is the main constituent of the secondary sector.
- Manufacturing sector accounted for 17% of GVA at constant prices in 2022-23.
- Manufacturing sector employed 11.5% of the labour force in 2022-23.
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