Indian GDP Sectorial wise distribution. - Primary Sector - Secondary Sector - Tertiary Sector

2. Introduction:
 India is fast dashing towards its dream of
conversion into developed country by 2020.
 Our India population is still engaged in
primary sector.
 A remarkable change has been noticed in
India from 1973-2003.

4. History:
 Since 1960s, there has been a steady
decline in the contribution of agriculture
and primary sector to Gross Domestic
Product (GDP), and its place has been
taken by service based enterprises.
 Thus, all the sector encompasses the
major areas of trade, finance, insurance,
communications,education,transportation,
agriculture,factories,etc.

5. Interdependency of Sectors:
To understand this interdependency, let us
take an example of a cold drink. A cold drink
contains water, sugar and artificial flavour.
Suppose if there is no sugarcane production
then procuring sugar will become difficult
and costly for the cold drink manufacturer.
Now to transport sugarcane to sugar mills
and sugar to the cold drink plant needs the
services of a transporter. A person or system
of persons is required to maintain and
monitor all these movements of goods from
farm to factory to shop in different locations.
That is where role of administrative staffs
comes.

7. Agriculture Growth Rate in India GDP had been
growing earlier but in the last few years it is
constantly declining. Still, the Growth Rate of
Agriculture in India GDP in the share of the
country's GDP remains the biggest economic sector
in the country.

9. A statistics concerning the growth of India's
service sectors are listed below:
 The software services in Indian economy increased
by 33% which registered a revenue of USD 31.4
billion
 Business services grew by 82.4%
 Engineering services and products exports grew by
23% and earned a revenue of USD 4.9 billion
 Services concerning personal, cultural, and
recreational had a growth of 96%
 Financial services had a rise of 88.5%
 Travel, transport, and insurance grew by 23%

10. There is a tremendous growth achieved by the Indian
Economy in Service Sector. The excess growth achieved
in service sector may temporarily benefit the economy by
providing employment opportunities to millions of
people.
But experts opine that
high rate of Growth in
Service Sector at the
fall of growth rates in
agriculture and industry
is not good enough in
the long run.

11. According to recent estimation, forecast nation, it
was visualized that by March-April, 2006 the contribution
of Service sector to the India’s GDP would be at 55%.
This makes clear that we are living in “Service Imperative
Era”. The enormous growth potential in the service sector
has lead to the great visualization of ‘Developed India –
2020’ by many Indians.