Vrushali economics

SECTORAL DISTRIBUTION OF INDIAN ECONOMY

K.J SOMIAYA COMPREHENSIVE COLLEGE OF EDUCATION, TRAINING & RESEARCH

NAME: VRUSHALI PATIL

ROLL NO. 50

SUBJECT : ECONOMICS STD : 9th

B.Ed 2010 -2011

CONTENT• FACTS ABOUT INDIAN

ECONOMY• DIFFERENT SECTORS OF

INDIAN ECONOMY1. Primary Sector2. Secondary Sector3. Tertiary Sector

• GDP• CONTRIBUTION TO GDP

CURRENT FACTS OF INDIAN ECONOMY

• Indian economy, is the third largest economy in the world, in terms of purchasing power.

• The economy of India is the eleventh largest economy in the world by nominal GDP.

• In 2009, Indian GDP based on purchasing power parity (PPP) stood at USD 3.5 trillion.

• India currently accounts for 1.5% of the total Indian trade as per WTO, 2007 publications.

DIFFERENT SECTORS OF INDIAN ECONOMY

• Indian Economy is divided into 3 main sectors that is :-

1. Primary Sector

2. Secondary Sector

3. Tertiary Sector

PRIMARY SECTOR• Economic activity depends on use of

natural resources.

• Most products from this sector provides raw materials for other industries.

• In 1970 the share of this sector was 50% which has reduced to 29% in 1995 and is now further reduced to 25%.

INDUSTRIES IN PRIMARY SECTOR

Fishing Industry Agriculture Industry

INDUSTRIES IN PRIMARY SECTOR

MINING INDUSTRY FORESTRY

PRIMARY SECTOR CONTRIBUTION TO GDP FROM

1990 TO 2009

0

5

10

15

20

25

30

35

1990 1995 2000 2005 2009

Percentage value ofPrimary Sector

SECONDARY SECTOR• Economic sectors that create a

finished usable product.

• Takes the output of the primary sector and manufactures finished goods.

• Contributes 24% of the share in Indian economy.

INDUSTRIES IN SECONDARY SECTOR

STEEL INDUSTRY

INDUSTRIES IN SECONDARY SECTOR

TEXTILE INDUSTRY

ENERGY INDUSTRY                          

AEROSPACE MANUFACTURING INDUSTRY

SECONDARY SECTOR CONTRIBUTION TO GDP FROM 1990 TO 2009

0

5

10

15

20

25

1990 1995 2000 2005 2009

% value of Secondarysector

TERTIARY SECTOR• Is also called as “Service Sector”.

• Is complementary to both Primary and Secondary Sector.

• In Developed economies, Tertiary sector has the largest contribution in GDP and employment of work force.

INDUSTRIES IN TERTIARY SECTOR

INSURANCE INDUSTRY

BANKING INDUSTRY

INDUSTRIES IN TERTIARY SECTOR

HOTEL INDUSTRY

AIRLINE INDUSTRY

GROSS DOMESTIC PRODUCT (GDP)• Market value of Final goods and

services within the Domestic territory of the country during the year.

• It indicates the real growth rate.

• Two methods to calculate it are:1. Actual Price method2. Cost Factor method

CONTRIBUTION OF SECTORS IN GDP

Primary Sector17%

Secondary Sector28%

Tertiary Sector55%

EVALUATION• Name the 3 sectors in the Indian

Economy?Ans:1. Primary Sector

2. Secondary Sector

3. Tertiary Sector

EVALUATION• Which activities are included in

Primary Sector ?Ans: • Agriculture• Mining• Fishing• Forestry

EVALUATION• Which are the activities in the

Secondary Sector?Ans: 1. Steel Industry2. Textile Industry3. Aerospace Industry4. Chemical Industry