Make a project about the different sectors of economy of our state

asked May 20, 2017 in Economics by nausheen (55 points)

Make a project about the different sectors of economy of our state and find the total income of your state. Compare all sector

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commented Jun 22, 2017 by Puskar (5,804 points)

Wow! A very good question

1 Answer

answered May 21, 2017 by sarthaks (25,122 points)
selected Feb 21, 2018 by sanjeev

Best answer

Major Sector of Indian Economy

Primary Sector
Overview:The primary sector of Indian economy depends directly on natural resources to execute the various processes and manufacture the goods and services needed to keep the whole operation going.

Examples of primary sector:In India, agriculture is the biggest example of the primary sector. However, forestry and fishing can also be cited as other examples of this particular sector.

Secondary Sector

Overview: In the secondary sector of the national economy, natural ingredients are used to create products and services that are consequently used for consumption. This sector can be regarded as one that adds value to the products and services on offer.

Examples:The major examples of this sector are manufacturing and transporting.

Tertiary Sector

Overview: Indian economy’s tertiary sector is also referred to as service sector that plays an important role in development of the other two sectors. Like the secondary sector it also provides value addition for a product.

The economy of Bihar is largely service-oriented, but it also has a significant agricultural base. The state also has a small industrial sector. As of 2012, agriculture accounts for 22%, industry 5% and service 73% of the economy of the state For the period 2002-2007, average growth rate of Manufacturing in the state was 0.38%, against the national average of 7.8%. Bihar has the lowest GDP per capita in India, but there are pockets of higher per capita income like the southern half of the state and its capital city, Patna, had per capita income greater than that of Bangalore or Hyderabad in 2008.

Economy of Bihar
Statistics
GDP	₹6.32 lakh crore (US$98 billion) (2017-18 est.)
GDP rank	12th
GDP growth	17%
GDP per capita	₹26,801 (US$420) (2016)
GDP per capita rank	29
GDP by sector	Agriculture 18% Industry 23% Services 59% (2016)
Labour force by occupation	Agriculture 56% Industry 8% Services 36% (2015)
Public finances
Public debt	19.78% of GSDP (2017-18 est.)
Revenues	₹1.37 lakh crore (US$21 billion) (2017-18 est.)
Expenses	₹1.60 lakh crore (US$25 billion) (2017-18 est.)