Upsc Economy Sectors Of Indian Economy Primarysecondary Tertiary Quaternary Quinary

Sectors Of Indian Economy вђ Indian Economy Notes Human activities which generate income are known as economic activities. economic activities are broadly grouped into primary, secondary, tertiary activities. higher services under tertiary activities are again classified into quaternary and quinary activities. let us first understand the differences between the different sectors of the economy. Like other tertiary functions, quaternary activities can also be outsourced. quinary activities. the quinary sector is the part of the economy where the top level decisions are made. this includes the government which passes legislation. it also comprises the top decision makers in industry, commerce and also the education sector.

Sectors Of Indian Economy Primary Secondary Tertiary Quaternary This sector is generally known as the service sector, and it is crucial for the development of the primary and secondary sectors. the sectors of indian economy states that this sector alone is responsible for 23 per cent of the overall employment in the country. there is, however, one underlying issue of lower salary with this sector. The economy of india is classified into three sectors, namely primary, secondary, and tertiary. these sectors are based on the nature of economic activities involved in the production and distribution of goods and services. the primary sector includes activities related to natural resources, such as agriculture, forestry, and mining. Initially considered part of the tertiary sector, companies in the quaternary sector have gained distinct recognition due to the rise of knowledge based economies and technological progress. these firms leverage information and technology to drive innovation and enhance processes and services, contributing significantly to economic development. The tertiary sector. the tertiary sector, also known as the service sector, is the largest contributor to india's gdp. this sector plays a crucial role in the development of the primary and secondary sectors. this sector alone accounts for 23% of total employment in the country. however, this sector is often associated with lower salaries.