What are the 11 Sectors of the Indian Economy

India is one of the fastest-growing countries in the world. It is estimated for the country to emerge as the second-largest economy in the world by the year 2050. The growth of the country is the contribution of various sectors of the economy. The sectors of the Indian economy are been divided into three segments that include, the primary sector, the secondary sector and tertiary sector.

Primary Sector of the Indian economy: This is the first among the sectors of the Indian economy. The sector is mainly dependent upon the natural resources available around us. Some examples of this sector are agriculture, fishing, dairy, and many more. Agriculture, when combined with fisheries and forestry account for a total contribution of over 18% to the Indian economy. Agriculture is the backbone of the Indian economy and has been playing a major role in the growth of the primary sector. 

Secondary Sector of Indian economy: With a contribution of nearly 30%, the secondary sector of the Indian economy is the second most contributors after the tertiary sector. This sector utilizes the raw materials of the primary sector and converts them into the secondary sector. Heavy or lightweight types of machinery, electricity, factories and other factors deliver to bring out the end product of the secondary sector. Some of the examples of the secondary sectors of the Indian economy include mining, Healthcare, units of manufacturing, electricity and so on.

Tertiary Sector of the Indian economy: This is the highest contributing sector among all the sectors of the Indian economy. This is the sector in which the major population of the country is engaged to earn their bread and butter. This sector focuses on delivering the end products produced by the secondary sector to the end customers. The end customers to the tertiary sector will either be the end-users of the product or the businesses that take the process of developing the product forward. Some of the examples for the tertiary sector of the Indian economy include hospitality industry, mass media, pharmacy and so on.

Examples for the secondary sectors of the Indian Economy.

Information Technology:

Information Technology (IT) sector is one of the major examples of the secondary sector in the Indian economy. The information technology sector contributes to society by distributing technological items and their services. Operating systems, computers and microprocessors are some of the prime examples for the sector of information technology. It is one of the fastest-growing sectors among the secondary sectors.

Healthcare Sector:

The sector related to the wellness of the people is known as the healthcare sector. This sector mainly deals with the medical supply firms, pharmacy companies and so on. Many of the popular companies are serving for the welfare of the human and are growing at 

the faster rate.

Finance Sector:

This sector deals with the firms that are involved in the storage, investment and movement of finance in the country. The banks, credit cards, real estate companies and insurance companies are the inclusions in the finance sector.

Consumers Discretionary Sector:

This deals with the luxury items that the consumers demand to increase their prestige in society. This sector is not necessary for the survival of human beings but is only used to increase the prestige among the members of the society.

Communication sector:

This sector consists of the firms that help in keeping the connection among the people of the society. This sector is also used as part of the entertainment by the people. Telecommunication companies, entertainment channels, OTT platforms are some of the examples for the communication sector.

Industrials Sector:

From the aero plane to weapons to the companies of rail and road, this sector consists of them all. This sector consists of the industries that are mainly used in the development as well as the protection of the country.

Consumer Staples:

Consumer staples play an important role in the supply of all the necessities required for human lives. Household providers, food and beverage companies, and personal product providers are some examples of consumer staples.

Energy Sectors:

This includes all the energy providing resources that are required for human life. The companies refining and supplying the energies be it petroleum, diesel, electricity, solar energy and so on are the sectors included in this sector.

Utility Sector:

Providing utility gas and electricity to the consumers to make their lives better is the main purpose served by the utility sector.

Real Estate:

This is the new inclusion in this sector. Provision of permanent and long term assets to the people of the society is the main objective of this sector.

Materials:

To race the growth of the above-mentioned sectors the requirement of the raw materials is required which is provided by the materials sector.

Conclusion:

Various sectors of the Indian economy boost the growth of the country. With the tertiary sector being the leader with a contribution of close to 55%. With the other two sectors depending indirectly on the secondary sector, it becomes necessary to boost the growth of this sector to boost the economy of the country.