Different sector of the economy

The secondary sector consists of processing, manufacturing and construction companies. Subsequently, the policy of discriminating protection where certain important industries were given financial protection by the statecoupled with the Second World War, saw the development and dispersal of industries, encouraging rural—urban migration, and in particular the large port cities of BombayCalcutta and Madras grew rapidly.

Tataon the Indian regulatory system, [] Sincethe use of high-yielding varieties of seedsincreased fertilisers and improved irrigation facilities collectively contributed to the Green Revolution in Indiawhich improved the condition of agriculture by increasing crop productivity, improving crop patterns and strengthening forward and backward linkages between agriculture and industry.

Investors use sectors to place stocks and other investments into categories such as technology, healthcare, energy, utilities and telecommunications. The Mughal economy functioned on an elaborate system of coined currency, land revenue and Different sector of the economy. Both the Malabar and Coromandel Coasts Different sector of the economy the sites of important trading centres from as early as the first century BC, used for import and export as well as transit points between the Mediterranean region and southeast Asia.

An economy can be broken down into about a dozen sectors, which can describe nearly all of the business activity in that economy. Economic historian Prasannan Parthasarathi presented earnings data which showed real wages and living standards in 18th century Bengal and Mysore being higher than in Britain, which in turn had the highest living standards in Europe.

Muslin trade in Bengal and Economy of the Kingdom of Mysore The Indian economy was large and prosperous under the Mughal Empireup until the 18th century.

Each of the dozen or so sectors will have a varying number of industries, but it can be in the hundreds. Steel, mining, machine tools, telecommunications, insurance, and power plants, among other industries, were effectively nationalised in the mids. The tertiary sector is comprised of companies that provide services, such as retailers, entertainment firms and financial organizations.

By Chad Langager Updated January 10, — 5: Additionally, investment funds often specialize in a particular economic sector, a practice known as sector investing.

Economy of India

Evidence of well-planned streets, a drainage system and water supply reveals their knowledge of urban planningwhich included the first-known urban sanitation systems and the existence of a form of municipal government. Although the terms are commonly used interchangeably, they do, in fact, have slightly different meanings.

The quaternary sector includes companies in the intellectual pursuits, such as educational businesses. The inscription shown, is a Sanskrit invocation of Lord Shiva. Villages paid a portion of their agricultural produce as revenue to the rulers, while their craftsmen received a part of the crops at harvest time for their services.

The economy was then characterised by extensive regulation, protectionismpublic ownership of large monopolies, pervasive corruption and slow growth.

Economic sector

However, at the end of colonial rule, India inherited an economy that was one of the poorest in the developing world, [] with industrial development stalled, agriculture unable to feed a rapidly growing population, a largely illiterate and unskilled labour force, and extremely inadequate infrastructure.

For example, the financial sector can be broken down into industries such as asset management, life insurance, or brokerage. However, the general idea remains: Indeed, at the beginning of the 20th century, "the brightest jewel in the British Crown" was the poorest country in the world in terms of per capita income.

Mughal era — See also: As of that Friday, shares of companies in the coal industry group were the top performers with a return of A sector is one of a few general segments in the economy within which a large group of companies can be categorized.

The next two highest performing industry groups were the Internet and real estate holdings and developers, with gains of 4. The British East India Company, following their conquest of Bengal inhad forced open the large Indian market to British goods, which could be sold in India without tariffs or dutiescompared to local Indian producers who were heavily taxedwhile in Britain protectionist policies such as bans and high tariffs were implemented to restrict Indian textiles from being sold there, whereas raw cotton was imported from India without tariffs to British factories which manufactured textiles from Indian cotton and sold them back to the Indian market.

This difference pertains to their scope; a sector refers to a large segment of the economy, while the term industry describes a much more specific group of companies or businesses. The terms industry and sector are often used interchangeably to describe a group of companies that operate in the same segment of the economy or share a similar business type.

Figures are inflation-adjusted to International Geary-Khamis dollars. Licence Raj Indian economic policy after independence was influenced by the colonial experience, which was seen as exploitative by Indian leaders exposed to British social democracy and the planned economy of the Soviet Union.

Key industries included textilesshipbuildingand steeland processed exports included cotton textiles, yarnsthreadsilkjute products, metalwareand foods such as sugaroils and butter.

Silver coin of the Gupta dynasty5th century AD. Tharisapalli plates granted to Saint Thomas Christians by South Indian Chera ruler Sthanu Ravi Varma testify that merchant guilds and trade corporations played a very significant role in the economy and social life during the Kulasekhara period of Kerala, India.

Of the large sectors within an economy, the first group is called the primary sector and involves companies that participate in the extraction and harvesting of natural products from the earth, such as agriculture, mining and forestry.

In the stock market, the generally accepted terminology cites a sector as a broad classification and an industry as a more specific one. Historians Tapan Raychaudhuri and Irfan Habib claim this state patronage for overseas trade came to an end by the thirteenth century AD, when it was largely taken over by the local Parsi, Jewish, Syrian Christian and Muslim communities, initially on the Malabar and subsequently on the Coromandel coast.

Essentially, industries are created by further breaking down sectors into more defined groupings. This is not the end, however.The economy of India is a developing mixed economy. It is growing sector of Indian economy, A critical problem facing India's economy is the sharp and growing regional variations among India's different states and territories in terms of poverty.

Investing in Different Industry Sectors Performance in the real estate sector tends to follow the overall economy; during periods of economic growth and inflation, real estate investments will. The terms industry and sector are often used interchangeably to describe a group of companies that operate in the same segment of the economy or share a similar business type.

Although the terms. This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors.

A sector is an area of the economy in which businesses share the same or a related product or service. Investing among several different sectors in the economy is a. A competitive and productive economy, the US Economy is apparently largest in the world.

It is a capitalist economy, which registered a % GDP growth rate in the 2nd quarter of Services form the major sectors of the US Economy.

Download
Different sector of the economy
Rated 5/5 based on 15 review