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FAQs
Which is the largest of the 4 sectors? Check Answer at BYJU’S? ›
In India, the largest of the 4 sectors in terms of contribution to the GDP of the nation is the services sector.
Which sector is the largest sector? ›The services sector is the largest sector of India.
What are the 4 types of sectors? ›The 4 different sectors of the economy are primary sector, secondary sector, tertiary sector and quaternary sector.
Which sector has largest employment? ›The primary sector employs the largest portion of the Indian population. The primary sector predominently comprises the agricultrual sector.
Which one of the following sector shows the highest? ›Option C is correct. Tertiary sectors show the highest share in Gross Domestic Product (GDP) in India.
Which is the first largest sector? ›Services sector is the largest sector of India.
What is the 4 sector economy? ›By BYJU'S Exam Prep. Updated on: November 9th, 2023. The 4 Sectors of the Economy are Primary, Secondary, Tertiary, and Quaternary. Economic activities are human actions that can generate revenue.
What is the 4 sector model of the open economy? ›Four-sector model
The four-sector circular flow model consists of individuals, businesses, the government, and overseas. The financial sector is not included. The overseas sector is made up of imported (M) and exported (X) commodities and services, also known as foreign commerce.
A sector is an area of the economy in which businesses share the same or related business activity, product, or service. There are four different sectors in the economy: primary, secondary, tertiary, and quaternary. Part of the "Economics Course for Kids" series.
Which is the second largest employment sector? ›As per the report, India's construction sector is the second largest employment generator and as of 2023, 71 million (7.1 crore) of the workforce is estimated to be employed in the construction sector.
What is the largest sector of employment in India? ›
In 2021, 43.96 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services.
Which sector is the largest producing sector in India? ›Solution: The tertiary sector has emerged as the largest producing sector in India.
Which sector is the largest contributor to the economy? ›Service sector is the largest contributor to GDP in India. Which of the following is the largest contributor to GDP in India? The sector is the largest contributor to the national income of India.
Which sector is the richest? ›The pharmaceutical industry has the highest number of wealthy individuals in India at 133 in 2023, according to a wealth study jointly done by 360 ONE Wealth and Hurun India.
Which sector has grown the most? ›Fastest Growing Sectors In India
- Electric Vehicles (EV)
- Healthcare And Insurance.
- Renewable Energy.
- Information Technology (IT)
- Fast-Moving Consumer Goods (FMCG)
- Infrastructure.
- Conclusion.
Jan 25, 2024
The Tertiary sector has emerged as the largest producing sector in the Indian economy in the last decade because (i) Demand for Tertiary sector activities like transport, storage and trade have increased substantially with the development of the Primary and Secondary sectors.
What is the largest sector in the US economy? ›Service-based industries, including professional and business services, real estate, finance, and health care, make up the bulk (70%) of U.S. GDP. In comparison, goods-producing industries like agriculture, manufacturing, mining, and construction play a smaller role.
Which sector is the largest employer and why? ›The primary sector remains the largest employer in India because not enough jobs were created in the secondary and tertiary sectors.