Project On :Sector

OfIndian

Economy

WHAT ARE SECTOR? An area of the economy in which

business share the same or a related product or service. Economy are comprised of four sectors. The primary sector involves the extraction and harvesting of natural products from the earth. ( e.g., agriculture, mining and forestry). The Secondary sector consists of processing. Manufacturing and construction. The Tertiary sector provide services, such as retail sales, entertainment and financial sector is made up of intellectual pursuits, like education.

Sectors of Indian Economy

1). Primary sector.

2). Secondary Sector.

3). Tertiary Sector.

Primary sectorDefinition : When the economic activity

depends mainly on exploitation of natural resources then that activity comes under primary sector.

Agriculture and agriculture related activities are the primary sector of economy.

Example of Primary Sector

Agriculture

Forestry

FISHING:

Secondary SectorDefinition: When the main activity involve manufacturing then it is the secondary sector. All industrial production where physical goods are product come under the secondary sector.

Example of Secondary sector

Manufacturing

Electricity

Construction

Water supply

Gas supply

Mining & Quarrying

Tertiary sector When the activity involves providing in tangible goods like service then this is part of the tertiary sector. Financial services, management consultancy, telephony and IT are good example of service sector.

EXAMPLE OF TERTIARY SECTOR

Banking &

Finance

Personal Services ID- Services

Insurance

Transport

Real Estates

Increasing the role of tertiary sector

Transition shows level of country development, it improves specialization but it’s better to avoid extending service part in economy over 40-50% of GDP.

Contribution of Sectors in

Employment

Organized SectorThe sector, which is

registered follows government rules and regulation, have employees and employers union is called organised sector. The company form of business comes under organised sector. The private retail business is called unorganised sector reliance retail is in organised sector, as it is in a company form and registered.

Working Condition in Organised Sector

UNORGANISED SECTOR

The sector which is not following the prescribed forms and the modus operandi which is standardized and centralized. Many industries fall into this segment which are transacting on a pseudo industrial basis. It more of a perceived factor rather being an implied one.

Working Condition In Unorganised Sector

COMPARISON BETWEEN ORGANISED AND UNORGANISED SECTOR

Organised sector

Workers in the organised sector enjoy security of employment.

They worked only for a fixed number of hours.

They also get several other benefits like paid leave, payment during holiday, provident fund gratuity etc.

They also medical benefits.

Unorganised sector

Workers working in an unorganised sector get less wages.

There is no provision for overtime paid leave or holiday .

Employment is subject to high degree of insecurity.

A large number of people doing small jobs such as selling on the street or doing repair work come under the unorganised sector.

NREGA1. National Rural Employment

Guarantee Act 2005.2. The central government in India

recently made a law implementing the right to work in 200 district of India.

3. Under NREGA 2005, all those who are able to, and are in need of, work have been guaranteed 100 days of employment in a year by the government.

4. If the government fails in its duty to provide employment, it will give unemployment allowance to the people. The types of word that would in feature help to increase the production from land will be given preference under the Act,

Thank

you