Sector: Indian economy is broadly classified into
Indian economy is broadly classified into primary, secondary, and tertiary sectors , each playing a vital role in the nation’s economic development. The primary sector includes agriculture and allied activities, while the secondary sector covers manufacturing and industries. Economic activities are broadly grouped into primary, secondary, tertiary activities. Tertiary activities are again classified into quaternary and quinary activities. A sector is a type of economic activity. These are broad categories that each include multiple industries. There are several different ways to divide the economy into sectors . Academics tend to define sectors according to levels of value creation. Governments and financial analysts are more likely to divide sectors up according to the types of goods they produce. The following list of sectors is based on the latter approach. SECTOR definition: 1. one of the areas into which the economic activity of a country is divided: 2. an area of land…. Learn more.
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