(a) The share of the tertiary sector in the total GDP or Gross Domestic Product of India is increasing which is a sign of economic development. This reproduces the trend shown by western countries as they were developing.
(d) The cheapest source of finance is retained earnings. Retained income refers to that portion of net income or profits of an organisation that it retains after paying off dividends. An...
Primary sector comprises activities related to the extraction and production of natural resources. Agriculture, forestry, animal husbandry, fishing, poultry farming, mining and quarrying are the activities undertaken in this sector.
Secondary...
(i) Agriculture has been the backbone of the Indian economy though its share in the Gross Domestic Production has a declining trend from 1951 onwards; yet its share in providing...
(i) Not all service sectors are growing equally well. Service sector in India employs different kinds of people.
(ii) At one end, there are limited number of services that employ highly...
The tertiary sector is different from the other two sectors because :
(i) It does not provide or produce goods.
(ii) It provides services such as transport, I.T., communications, etc.
(iii) It is...
(i) More and more land is used for construction of factories, warehouses and shelters which have reduced the land under cultivation.
(ii) Soil gets degraded by the use of pesticides, fertilizers,...
(a) The contribution of small scale industries to employment and exports is substantial. The sector contributes over 40 per cent of the gross turnover in the manufacturing sector, 45 per...
(d) Out of the total FDI inflows of $31 bn received during April-March 2014-15, the services sector accounted for almost 17% of the cumulative inflows. Despite the government's efforts to...
When GDP represent quantities of final goods and services produced or when GDP is measured on the basis of constant prices, it is called real GDP.
Limitations:
(i) It does not reflect...