The primary sector of the economy is the sector of an economy making direct use of natural resources. This includes
agriculture, forestry and fishing, mining & quarrying.
The secondary sector of the economy or industrial sector includes those economic sectors that create a finished, tangible product i.e. production of goods and construction.
The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors, others
being primary and secondary sectors.
In the
primary sector, they may consume the natural resourses and their reproduction
may take many years. The industrial sector generally takes the output of the primary sector and manufactures finished goods. Many of these industries
consume large quantities of energy and require factories and machinery to
convert the raw materials into goods and products. They also produce waste
materials and waste heat that may pose environmental problems or cause
pollution. The Services Sector inter-alia includes sub-sectors like Trade;
Hotels and Restaurants; Transport; Storage & warehousing; Communication;
Banking and Insurance; Real Estate; Business services; Public administration
and defence; Social and personal services; and Other services including
Education, Medical and Health, Religious and Other Community Services, Legal
Services, Recreation and Entertainment Services.
Here below we present the
share of GDP at constant (2004-05) prices for the various sectors/ sub-sectors
for the year 2004-05 (Base Year) and for latest available years 2010-11 (Quick Estimates
i.e. based on little less data) and for the year 2011-12 (Revised Estimate
based on further less data being used to have advance estimates for the economic
sectors).
Sectors
|
Share
of GDP at (2004-05) Prices
|
||
|
|
|
(%)
|
|
2004-05
|
2010-11
|
2011-12
|
|
|
QE
|
RE
|
1. agriculture,forestry & fishing
|
19.0
|
14.5
|
14.0
|
1.1 agriculture
|
16.0
|
12.3
|
|
1.2 forestry & logging
|
2.1
|
1.4
|
|
1.3 fishing
|
0.9
|
0.7
|
|
|
|
|
|
2. mining & quarrying
|
2.9
|
2.2
|
2.1
|
3. manufacturing
|
15.3
|
15.8
|
15.3
|
3.1 registered
|
9.8
|
10.9
|
|
3.2 unregistered
|
5.4
|
5.0
|
|
4. electricity, gas & water supply
|
2.1
|
1.9
|
1.9
|
5. construction
|
7.7
|
7.9
|
7.8
|
|
|
|
|
6. trade, hotels & restaurant
|
16.1
|
16.6
|
17.4
|
6.1 trade
|
14.6
|
15.2
|
|
6.2 hotels & restaurants
|
1.5
|
1.4
|
|
7. transport,storage
& communication
|
8.4
|
10.6
|
10.7
|
7.1 railways
|
1.0
|
1.0
|
|
7.2 transport by other means
|
5.7
|
5.5
|
|
7.3 storage
|
0.1
|
0.1
|
|
7.4 communication
|
1.7
|
4.0
|
|
|
|
|
|
8.
financing,ins.,real estate & bus servs
|
14.7
|
17.4
|
17.9
|
8.1 banking & insurance
|
5.8
|
8.3
|
|
8.2 real est, O'ship of dwellings
|
9.0
|
9.1
|
|
9. community, social & pers. servs
|
13.8
|
13.1
|
13.0
|
9.1 public administration & defence
|
5.9
|
5.9
|
|
9.2 other services
|
8.0
|
7.2
|
|
10. GDP of All
Sectors
|
100.0
|
100.0
|
100.0
|
Sectors
|
Share
of GDP at (2004-05) Prices
|
||
|
|
|
(%)
|
|
2004-05
|
2010-11
|
2011-12
|
|
|
QE
|
RE
|
Primary Sector
|
21.9
|
16.8
|
16.1
|
Secondary Sector
|
25.1
|
25.6
|
24.9
|
Tertiary sector or
Service Sector
|
53.0
|
57.7
|
59.0
|
It can be seen that the
primary sector’s share is decreasing in India and the manufacturing or secondary
sector has been maintaining its share, whereas the tertiary or service sector
is gaining the lost share of the primary sector. Out of various sub-sectors of primary sector,
it is mainly agriculture which is loosing its traditional shine. Within services, it is mainly banking &
insurance and communication followed by trade who at present mainly gaining the
importance in the economy. The other
services are either loosing marginally or are maintaining their share over
time. It is only other services (small
ones) are loosing shine collectively.
This Service Sector
constitutes a large part of the Indian economy both in terms of employment
potential and its contribution to national income now. Central Statistical Office (CSO),
Ministry of Statistics & Programme Implementation (MOSPI) is responsible at the
Central level to prepare GDP (Value Addition) estimates for the Indian Economy.
The estimates are being released through ages now. The official site of MOSPI
does admit the significance and importance of the Sector. About sixty per cent
of total GDP (value addition) comes from the Service Sector. Although the
service sector has a pivotal role in the country’s economic development,
database in this sector is highly disorganized. A major limitation of the
existing statistical system in this respect is the absence of a well organized
mechanism for maintaining a regular and proper database for this sector. For services
like banking & Insurance, Railway Transport, public administration & defence, the data base is in
the hands of the central/ state governments and so can be considered to be
better organized and more reliable. Thus
for large chunk of services, CSO may be using some periodical surveys or other
administrative / private sources. One may also infer
that calculations of our national income may be in trouble as the major part of
it having the basis of its calculations on wrong footing. Unlike the Annual
Survey of Industries (ASI) that is devoted to collection of data from
manufacturing and few other categories of units included in the lists
maintained by the Chief Inspectors of Factories, there is no such scheme in the
services sector for annual collection of data from the units either having a
large number of workers or those contributing significantly in terms of annual
turnover. The main difficulty in this regard is the non-availability of an
up-to-date frame of such units and lack of regular mechanism for collection of
data. The development of National Business Register being envisaged based on
the Sixth Economic Census is likely to address the issue of frame to a large
extent.
This information helped me a lot.. Thank You!
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