What are the major components of the Indian Economy

Explain the major components of the Indian economy and how they contribute to its growth.
The major components of the Indian economy are agriculture, industry, and services.
  • Agriculture: Accounts for around 17-18 percent of India's GDP and employs around half of the country's workforce. It includes crop production, animal husbandry, and fisheries. The government has implemented several policies to improve agricultural productivity and provide support to farmers.
  • Industry: Contributes to around 30-31 percent of India's GDP and includes various sectors such as manufacturing, mining, construction, and power. The government has implemented initiatives such as Make in India and Startup India to attract more foreign investment and promote industrial growth.
  • Services: Contributes to around 52-53 percent of India's GDP and includes sectors such as IT, banking, tourism, and healthcare. It has been a major contributor to India's economic growth in recent years.
All these components contribute to the overall growth of the Indian economy and play a crucial role in driving employment, income generation, and development of the country. The Indian government has been implementing various policies and initiatives to support these sectors and enhance their contribution to the economy.
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