what is the importance of primary,secondary and tertiary sector?

+7 votes
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asked Aug 28, 2016 in Economics by Rahul Roy (7,895 points) 33 120 329

1 Answer

+8 votes
answered Aug 28, 2016 by संजीव कुमार (3,822 points) 1 2 9
selected Dec 5, 2016 by sarthaks
 
Best answer

Primary Sector means agriculture sector. In a country like India the main source of income even today is agriculture. Many of our agricultural products are exported by which foreign currency is flowing.

The well-being of other two sectors depends upon Agriculture. If agriculture sector is well with good yields then Secondary Sector which consists of industries run smoothly. Most of the industries are based on agricultural products.

Tertiary Sector means service sector. Today the contribution of Service sector is growing very fastly and contributing very high amount in GDP. In a developing country like India all the three sectors are equally important. In a country like USA Tertiary is very important and then Secondary.

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