Commerce Tuition Classes in Pune for 11th | 12th | CA/CS Foundation | BCom | BBA Behere Classes Basics of Economics Series Part 19: Sectors of the Indian Economy The Indian economy is one of the fastest-growing economies in the world. Economic sectors in India are primarily classified as: 1. Primary Sector or Agriculture related sector: In this sector, the production of goods takes place by exploiting natural resources. E.g. Agriculture, fishing, animal husbandry, etc. 2. Secondary or Industrial Sector: It covers activities in which natural products are changed into other forms by industrial manufacturing. e.g. Industries 3. Tertiary or Service Sector: This sector helps in the development of the other two sectors In recent years, tertiary sector growth is at an unprecedented rate. Reasons behind this high growth rate of the tertiary sector are: - Need for basic services such as schools, hospitals, banks, etc. (Due increasing population) - Development of primary and secondary sector leading to the development of the tertiary sector. Eg. Transport - Rise of general per capita income level. Eg. Hotels, tourism - Introduction of new services. Eg. IT There are a few more ways to define sectors of the Indian economy. They are: - Organised and Unorganised Sector - Public and Private sector. Thank You. Regards, Behere Classes (www.behereclasses.com) Tags: Best 11th commerce classes in Pune, 11th commerce class in Pune, top commerce coaching in pune, Commerce classes in Pune city, 12th commerce classes in Pune, 12th commerce class in Pune, commerce classes near me, best commerce classes near me, 11th 12th commerce classes near me, BBA coaching classes in Pune, BBA classes near me, BCom classes in Pune, BCom classes near me, BBA tuitions near me, BCom tuitions near me, commerce tuitions near me, classes for 11th commerce, CA classes in Pune, Pune 11th commerce classes, tuitions for 11th commerce, CA foundation classes, CS foundation classes, best CA foundation classes, best CS foundation classes, best commerce classes in Kothrud, best commerce classes in Sadashiv Peth, best commerce classes in Dattawadi, best commerce classes in Navi Peth, best commerce classes in Karve Road, best commerce classes in Karve Nagar, best commerce classes in Deccan, best commerce classes on FC Road, commerce tuition classes in Shivaji Nagar, best commerce coaching classes in Swargate