What is the significance of Secondary sector in Indian economy?

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Dr Sangeeta Saxena

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Secondary sector is very important sector. Most of our final goods come from this sector. Primary sector sometimes prepared the raw material ready to use for secondary sector and it is this secondary sector which provides final products for the market. It also provides maximum employment as the population...
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Secondary sector is very important sector. Most of our final goods come from this sector. Primary sector sometimes prepared the raw material ready to use for secondary sector and it is this secondary sector which provides final products for the market. It also provides maximum employment as the population shifting towards urban areas has increased these days. Therefore phir dependency on agriculture and maximum employment in primary sector has also shifted from primary to secondary sector. This was ser the growing importance of secondary sector is vital in preparing final products and fulfilling maximum rumal and urban demand of consumers. read less
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The secondary sector of the economy includes those economic sectors that create a finished usable product and hence depend on primary sector industries for the raw materials. This sector includes mining, manufacturing and construction. The secondary sector contributes 24% of the share in Indian economy....
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The secondary sector of the economy includes those economic sectors that create a finished usable product and hence depend on primary sector industries for the raw materials. This sector includes mining, manufacturing and construction. The secondary sector contributes 24% of the share in Indian economy. Secondary sector involves the industrial production. Industrial activities use up the materials produced in the Primary sector and produce final products for consumption.In the process, it creates massive employment of various scales. It also induces service sector like transport, market etc to flourish.As all the sectors of the economy are interdependent, the Secondary sector has a great contribution to the sustenance and growth of other sectors. Secondary sector induces growth and productivity in the Primary sector and helps in the nourishment of Tertiary sector. It produces instruments and appliances that directly help Primary sector for better production.It assimilates disguised unemployment and the workers of the Primary sector in their leisure period and could not let them escape from their activities. It also contributes significantly to the GDP of India and employment basket. read less
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