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.
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.