Sectors of the Indian Economy
Madhya Pradesh Board · Class 10 · Social Science
Complete topic list for Sectors of the Indian Economy in Madhya Pradesh Board Class 10 Social Science. Key concepts, sub-topics, and what to focus on for board exams.
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1. Main Sectors of Economic Activities
- Primary sector includes activities that directly exploit natural resources such as agriculture, dairy, fishing, forestry, and mining.
- Secondary sector changes natural products into other forms through manufacturing.
- Tertiary sector provides services that help production and trade or provide direct services like education, health, transport, banking, and communication.
2. Measuring Production: GDP and GVA
- GDP is the value of all final goods and services produced within a country during a particular year.
- In India, GDP measurement is undertaken by a central government ministry with help from state and union territory departments.
- GVA measures the contribution of the three sectors after adjusting for taxes and subsidies.
3. Changes in Sectors and Employment in India
- Over the forty years from 1977-78 to 2017-18, production increased most in the tertiary sector.
- By 2017-18, the tertiary sector became the largest producing sector in India, replacing the primary sector.
- The primary sector continues to be the largest employer in India even in 2017-18.
4. Underemployment in Agriculture and Ways to Create Jobs
- Underemployment in agriculture is also called disguised unemployment.
- Laxmi is a small farmer with about two hectares of unirrigated land growing jowar and arhar.
- All five members of Laxmi's family work on the plot, but they are not fully employed.
Key Concepts
Central concept: Classification of economic activities into sectors based on nature of activity, employment conditions, and ownership
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