Indian Economy Overview: Primary,
Secondary and Tertiary Sectors
A clear understanding of the Indian Economy can help you in more than
one way. As almost every problem has an economic angle, knowledge on
the performance of various sectors of the Indian Economy gives you
always an opportunity to see things in a wider perspective. Having posted
many articles on economics, covering topics like basic concepts, inflation,
fiscal policy, monetary policy etc., we now focus on the Indian Economy
overview. PS: Our next set of articles in this category will cover sub-sectors
like Banking, IT, Biotechnology, Agriculture etc in detail.
Sectors of Indian Economy:
● Three sectors – Primary, Secondary and Tertiary.
● Primary = Agriculture related.
● Secondary = Industry related.
● Tertiary = Service related.
● Sector share towards GDP : Tertiary (60%)> Secondary (28%)>
Primary(12%).
● Sector share by working force : Primary (51%)> Tertiary (27%) >
Secondary (22%)>
India as an investment destination:
India is the most attractive investment destination in the world, according
to a survey by global consultancy firm Ernst & Young (EY). Organization for
Economic Co-operation and Development (OECD) projections on growth
rate of India are 3.4 per cent for 2013-14, 5.1 percent in FY 2014–15 and
5.7 per cent in FY 2015–16. The HSBC Trade Confidence Index, the largest
trade confidence survey in the world, has positioned India at the top with
142 points. The increasing demand due to its population makes the country
a good market. Sectors projected to do well in the coming years include
automotive, technology, life sciences and consumer products.
, Indian Exports: India’s exports have also been doing well, touching US$ 303
billion in FY 2012–13, almost double of what it managed (US$ 167 billion)
four years ago. The US$ 1.2 trillion investment planned for the
infrastructure sector in the 12th Five-Year Plan will go a long way in
improving export performance of Indian companies and the Indian growth
story.
Indian GDP: India is the third biggest economy in the world in terms of GDP
measured at purchasing power parity (PPP), according to a World Bank
report. India is also projected to become the third largest economy
(Nominal GDP) in the world by 2043.
Indian Economic Scenario and Growth Potential:
India’s industrial economy is gathering momentum on the back of improved
output of eight core sector industries – coal, crude oil, refining, steel,
cement, natural gas, fertilizers and electricity. Some of the important
economic developments in the country are as follows:
● Indian companies have been signing many private equity (PE)
deals, registering substantial increases from previous years.
● Indian corporates have also been raising significant amounts
through commercial papers (CPs).
● The cumulative amount of FDI equity inflows into India were
worth around US$ 300 billion in the 2000–2014 period.
● The estimated value of FII holdings in India stands at US$ 279
billion.
● IT spending by the Government of India is growing 7 per cent
year-on-year, according to a report by research and advisory firm
Gartner.
● India’s IT-business process outsourcing (BPO) industry revenue
is expected to cross US$ 225 billion by 2020, according to a
Confederation of Indian Industry (CII) report, titled ‘The SMAC
Code-Embracing New Technologies for Future Business’.
● General Electric (GE) plans to make India a manufacturing hub
for its global markets due to its huge talent pool and lower
Secondary and Tertiary Sectors
A clear understanding of the Indian Economy can help you in more than
one way. As almost every problem has an economic angle, knowledge on
the performance of various sectors of the Indian Economy gives you
always an opportunity to see things in a wider perspective. Having posted
many articles on economics, covering topics like basic concepts, inflation,
fiscal policy, monetary policy etc., we now focus on the Indian Economy
overview. PS: Our next set of articles in this category will cover sub-sectors
like Banking, IT, Biotechnology, Agriculture etc in detail.
Sectors of Indian Economy:
● Three sectors – Primary, Secondary and Tertiary.
● Primary = Agriculture related.
● Secondary = Industry related.
● Tertiary = Service related.
● Sector share towards GDP : Tertiary (60%)> Secondary (28%)>
Primary(12%).
● Sector share by working force : Primary (51%)> Tertiary (27%) >
Secondary (22%)>
India as an investment destination:
India is the most attractive investment destination in the world, according
to a survey by global consultancy firm Ernst & Young (EY). Organization for
Economic Co-operation and Development (OECD) projections on growth
rate of India are 3.4 per cent for 2013-14, 5.1 percent in FY 2014–15 and
5.7 per cent in FY 2015–16. The HSBC Trade Confidence Index, the largest
trade confidence survey in the world, has positioned India at the top with
142 points. The increasing demand due to its population makes the country
a good market. Sectors projected to do well in the coming years include
automotive, technology, life sciences and consumer products.
, Indian Exports: India’s exports have also been doing well, touching US$ 303
billion in FY 2012–13, almost double of what it managed (US$ 167 billion)
four years ago. The US$ 1.2 trillion investment planned for the
infrastructure sector in the 12th Five-Year Plan will go a long way in
improving export performance of Indian companies and the Indian growth
story.
Indian GDP: India is the third biggest economy in the world in terms of GDP
measured at purchasing power parity (PPP), according to a World Bank
report. India is also projected to become the third largest economy
(Nominal GDP) in the world by 2043.
Indian Economic Scenario and Growth Potential:
India’s industrial economy is gathering momentum on the back of improved
output of eight core sector industries – coal, crude oil, refining, steel,
cement, natural gas, fertilizers and electricity. Some of the important
economic developments in the country are as follows:
● Indian companies have been signing many private equity (PE)
deals, registering substantial increases from previous years.
● Indian corporates have also been raising significant amounts
through commercial papers (CPs).
● The cumulative amount of FDI equity inflows into India were
worth around US$ 300 billion in the 2000–2014 period.
● The estimated value of FII holdings in India stands at US$ 279
billion.
● IT spending by the Government of India is growing 7 per cent
year-on-year, according to a report by research and advisory firm
Gartner.
● India’s IT-business process outsourcing (BPO) industry revenue
is expected to cross US$ 225 billion by 2020, according to a
Confederation of Indian Industry (CII) report, titled ‘The SMAC
Code-Embracing New Technologies for Future Business’.
● General Electric (GE) plans to make India a manufacturing hub
for its global markets due to its huge talent pool and lower
