The Indian economy is traditionally divided into three main sectors for the calculation of Gross Domestic Product (GDP). These sectors accurately describe the various areas of economic activity and help in assessing the economic performance of the country. Let's examine these sectors:
In the given options, we need to identify which correctly represents these sectors:
Therefore, the correct answer is: Agriculture, Manufacturing and Services.
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.