Major Sector of Indian Economy
Primary Sector**Overview**:The primary sector of Indian economy depends directly on natural resources to *** the various processes and manufacture the goods and services needed to keep the whole operation going. Examples of primary sector:In India, agriculture is the biggest example of the primary sector. However, forestry and fishing can also be cited as other examples of this particular sector.
Secondary Sector
Overview**:**In the secondary sector of the national economy, natural ingredients are used to create products and services that are consequently used for consumption. This sector can be regarded as one that adds value to the products and services on offer.
Examples:The major examples of this sector are manufacturing and transporting.
Tertiary Sector
Overview**:*Indian economy’ tertiary sector is also referred to as service sector that plays an important role in development of the other two sectors. Like the secondary sector it also provides value addition for a product.
The economy of Bihar is largely service-oriented, but it also has a significant agricultural base. The state also has a small industrial sector. As of 2012, agriculture accounts for 22%, industry 5% and service 73% of the economy of the state For the ** 2002-2007, average growth rate of Manufacturing in the state was 0.38%, against the national average of 7.8%. Bihar has the lowest GDP per capita in India, but there are pockets of higher per capita income like the southern half of the state and its capital city, Patna, had per capita income greater than that of Bangalore or Hyderabad in 2008.
Economy of Bihar| Statistics |
| --- |
| GDP | ₹6.32 lakh crore (US$98 billion) (2017-18 est.) |
| GDP rank | 12th |
| GDP growth | 17% |
| GDP per capita | ₹26,801 (US$420) (2016) |
| GDP per capita rank | 29 |
| GDP by sector | Agriculture 18%Industry 23%Services 59% (2016) |
| Labour force by occupation | Agriculture 56%Industry 8%Services 36% (2015) |
| Public finances |
| Public debt | 19.78% of GSDP (2017-18 est.) |
| Revenues | ₹1.37 lakh crore (US$21 billion) (2017-18 est.) |
| Expenses | ₹1.60 lakh crore (US$25 billion) (2017-18 est.) |
References:
https://en.wikipedia.org/wiki/Economy_of_Bihar
