MADATSST &

MUKUND INGLE

PRESENT

SECTORS OF INDIAN ECONOMY

Mr. Mukund B. Ingle

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

THANK YOU