Which sector provides highest employment in India?

In 2019, 42.6 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment.

Which sector provides largest employment in India?

The agricultural sector is the largest employer in the Indian economy. It employs nearly 51% of the labour force in India. However, this sector accounts for only about 17% of India’s GDP.

Which sector has highest employment?

Industries with Largest Employment

Rank Industry 2020 Employment
1
2 Local Government, Excluding Education and Hospitals 5,648,700
3 General medical and surgical hospitals; private 4,719,300
4 Full-Service Restaurants 4,325,700

Which sector is largest producing sector in India?

Answer: The Tertiary sector has emerged as the largest producing sector in the Indian economy in the last decade because (i) Demand for Tertiary sector activities like transport, storage and trade have increased substantially with the development of the Primary and Secondary sectors.

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Which sector is the backbone of Indian economy?

The secondary sector is the backbone of the Indian economy.

Which sectors are booming in India?

Best sectors for long-term investment in India

  • Information Technology (IT) The 20th century was the era of manufacturing. …
  • FMCG (Fast-moving consumer goods) Will the people still be using soaps, shampoo, surf, oil, etc– 15-20 years from now? …
  • Housing finance companies. …
  • Automobile Companies. …
  • Infrastructure.

Which is the largest sector in 1973 of India in terms of employment?

In 1973 the largest economic sector in India in terms of employment was the primary sector. Explanation: The primary sector was identified to be the largest source of employment in the country in 1973.

Which are the two sectors of Indian economy?

In terms of operations, the Indian economy is divided into organized and unorganized. While for ownership, it is divided into the public sector and the private sector.

Which sector has the largest employer in 2003?

In the year 2003, the largest producing sector in India was the tertiary sector.

Which sector is growing fast in India?

The services sector has been the highest growing sector in six years. The Industry sector was the fastest growing sector in one year and the Agriculture sector was the fastest-growing sector in two years.

Sector-wise GDP Growth of India.

Sector Construction
GVA (Rupees in Crore) at constant prices 2017-18 5.22
2018-19 6.34
2019-20 0.98
2020-21 -8.61

Which sector is biggest contributor to India’s GDP?

The services sector is the largest sector of India. Gross Value Added (GVA) at current prices for the services sector is estimated at 96.54 lakh crore INR in 2020-21. The services sector accounts for 53.89% of total India’s GVA of 179.15 lakh crore Indian rupees.

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Who is the back bone of India?

Railways Question

Agriculture is the backbone of the Indian economy, as 75% of the population of India depends on agriculture.