Question

Identify the sectors into which the Indian economy is divided, for the calculation of GDP?

• A. Agriculture, Manufacturing and E-commerce
• B. Primary and non-primary
• C. Agriculture, Defence, Information Technology and Manufacturing
• D. Government, Private and Social
• E. Agriculture, Manufacturing and Services

Answer 1

Answer: (E)

The Indian economy is divided into three main sectors for the calculation of Gross Domestic Product (GDP): Agriculture, Manufacturing, and Services.

Sector	Description
Agriculture	This sector includes all activities related to farming, forestry, and fishing. It is considered the primary sector as it directly exploits natural resources.
Manufacturing	This involves the production of goods in factories. It is part of the secondary sector, transforming raw materials from the primary sector into finished goods.
Services	Also known as the tertiary sector, it includes a wide range of activities such as healthcare, education, banking, and other services that support individuals and businesses.

These sectors collectively contribute to the nation's GDP by representing the diverse economic activities within the country.