sectors of indian economy ppt
TRANSCRIPT
PRIMARY SECTOR▪ Activities which use naturally available thing
as it is called ‘primary activities’.▪ Ex.: Agriculture, Mining, Animal Husbandry,
dairy, Forestry etc▪ It is also called as agriculture sector
SECONDARY SECTOR
▪ Raw material is processed into finished goods▪ All industries come in the category of this
sector▪ It is also called as industrial sector
TERTIARY SECTOR▪ Nothing is produced in this activities▪ They provide services▪ They help for the development of primary and
secondary sector▪ Ex. Shops, Communication, Transportation,
banking, defense etc
GROSS DOMESTIC PRODUCT Gross Domestic Products:“A value of all final goods
and services produced in all three sector in particular period of time is called Gross Domestic Products.”
A value of final goods is calculated not intermediate goods.
It is done every year by Finance dept. of India with the help of NSSO, Statistics Dept. and States and Union territories Departments.
It is the indicator of how big economy is.
HISTORICAL CHANGES Initial Stage all developed countries depended upon
Primary Sector more. Entry of Secondary sector changed the production
style and speed People stared demanding more and more goods This demand only led to the growth of Tertiary Sector Now, we can see that all developed countries have
tertiary sector leading the highest amount in their GDP.
Why Tertiary got more Importance?
Basic Services Growth of Primary and Secondary Sector Increase in Income Growth of IT sector Globalization and Urbanization
UNEMPLOYMENT When people don’t get job according to their
eligibility is called Unemployment. There are two types of Unemployment:
Under Unemployment/Disguised Employment
Seasonal Unemployment
More people working than the requirement so, they work less than their potentialRural Area ex. Entire Family working in the farmUrban Area: ex. Casual workers who don’t get job according to their potential
Getting job for particular seasons or period of the year and remain unemployed for rest of the periodSmall land owners who work only for rainy seasons
ROLE OF GOVERNMENT IN GENERATING EMPLOYMENT
Develop Education and Health sector Develop infrastructure in Rural area Provide cheap credit/loan Develop Tourism Promote Industries in Urban as well as Rural
area Launching project like NREGA
ORGANIZED SECTOR▪ The terms of employment are regular▪ Formal procedures and process is practiced ▪ Security of employment▪ Regular wages Fixed working hours▪ Other benefits i.e. paid leave, payment during
holiday, PF, gratuity etc▪ Medical Benefits
UNORGANIZED SECTOR▪ Outside of control of Government▪ Rules and regulations are not followed▪ Low and irregular wages▪ No provisions of paid leave, medical leave etc▪ Not secure
How to Protect the Unorganized Sector Workers?
▪ By making the laws▪ Such as the Factories Act▪ Minimum Wages Act▪ Making PF and Gratuity compulsory to
unorganized sector▪ By providing guarantee of job ▪ Timings of job/Work.
PUBLIC SECTOR
▪ Controlled and managed by govt.▪ It’s organized ▪ Work for the welfare of the society▪ Reasonable costing▪ Ex. Railway, Post etc
PRIVATE SECTOR▪ Controlled and managed by individual or group of people▪ It’s unorganized.▪ Work for profit▪ More costing▪ Ex. TATA, Reliance, WIPRO etc
PUBLIC ACTIVITIES/ FACILITIES
Activities done for the welfare of the people Such as roads construction, dams, electricity, health
and education facilities etc Govt. invests huge amount in this These are basic requirements of all rich and poor Cost should be less as everybody should avail Important for the quality Human Resource