Sectors of Indian Economy

Primary Sector

Activities that directly exploit natural resources, e.g., agriculture, mining.

Secondary Sector

Activities that transform natural products into other forms through manufacturing processes.

Tertiary Sector

Activities that provide services supporting the production process without directly producing goods.

Final Goods

Products that directly reach consumers, such as biscuits.

Intermediate Goods

Goods used up in the production of final goods, like flour and sugar.

Gross Domestic Product (GDP)

Total value of all final goods and services produced within a country in a specific year.

Gross Value Added (GVA)

Measures sector-specific contributions after adjusting for taxes and subsidies.

Disguised Unemployment

A situation where more workers are engaged in an activity than required, leading to unchanged output.

Organised Sector

Enterprises registered with the government, following formal regulations, offering job security.

Unorganised Sector

Small, scattered units operating outside direct government control, with low pay and no job security.

Public Sector

Owned and operated by the government, providing basic services and ensuring social welfare.

Private Sector

Owned by private individuals or corporations, focused on profit maximization.