Introduction
Classification of the sectors of the Indian Economy
- Economy is the sum total of all the economic activities of a society. It refers to the system of earning a livelihood to satisfy human wants.
- A sector is an area of the economy where enterprises engage in the same type of activity , offer a similar product or service, or both.
- Sectors of the Indian economy are grouped into various categories
- On the basis of economic activities- Primary, Secondary and tertiary sector
- On the basis of ownership - Public Sector and Private sector
- On the basis of thei r registration with the Government /employment conditions - Organized and unorganized sector
- These sectors contributes in the growth of the Indian economy.
