Quick Answer: Which Sector Is Best For Development Of Indian Economy?

Which sector is most important in India’s GDP?

The Indian automobile industry is the world’s fourth largest by production.

It has $672 billion worth of retail market which contributes over 10% of India’s GDP and has one of world’s fastest growing e-commerce markets….Economy of India.StatisticsGDP by sectorAgriculture: 15.4% Industry: 23% Services: 61.5% (2017 est.)42 more rows.

Which sector is best for investment in India?

7 Sectors for Long Term InvestmentIT (Information Technology): The revival of USA economy is good news for IT sector. … Pharma (Pharmaceuticals) Recently Govt of India has taken certain steps to promote pharma sector. … Housing Finance Companies / NBFC: … Auto – 4 Wheeler. … Infrastructure: … FMCG – Urban Consumption. … Logistics.

Which is the largest sector in Indian economy?

Services sectorServices sector is the largest sector of India. Gross Value Added (GVA) at current prices for Services sector is estimated at 92.26 lakh crore INR in 2018-19. Services sector accounts for 54.40% of total India’s GVA of 169.61 lakh crore Indian rupees. With GVA of Rs.

Which sector is growing fast in India 2020?

SynopsisRankBrand NameIndustry1One 97 / PaytmFinancial Services2GoBOLTTransport & Support Services3Saankhya LabsAerospace, Defence & Security4RazorpayFinancial Services9 more rows•Feb 1, 2020

Which company share will grow in future?

Summary Table for best Growth StocksCOMPANY NAMENSE CODERATINGBajaj FinanceBAJFINANCE5Britannia IndustriesBRITANNIA4Muthoot FinanceMUTHOOTFIN5Petronet LNGPETRONET410 more rows•Aug 29, 2020

Which sector is the largest contributor to the economy?

services sectorThe services sector is the largest sector in India. Gross Value Added (GVA) at current prices for the Services sector is estimated at 73.79 lakh crore INR in 2016-17. The services sector accounts for 53.66% of total India’s GVA of 137.51 lakh crore Indian rupees. The industrial sector contributes 29.02% with GVA of Rs.

Which sector is backbone of Indian economy?

MSME sectorMSME sector is the backbone of Indian Economy- G.

Which sector is growing in future?

Further, if you want to make good profits from stocks in long-term, then make sure that you are investing in the growing sectors….Best sectors for long-term investment in IndiaInformation Technology (IT) … FMCG (Fast-moving consumer goods) … Housing finance companies. … Automobile Companies. … Infrastructure.

Which sector is the largest employer?

The agricultural sector Primary is the largest employer in India.

Which sector is known as service sector?

The service sector, also known as the tertiary sector, is the third tier in the three sector economy. Instead of the product production, this sector produces services maintenance and repairs, training, or consulting. Examples of service sector jobs include housekeeping, tours, nursing, and teaching.

Which sector is the backbone of Indian economy class 10?

secondary sectorThe secondary sector is the backbone of the Indian economy. There is a promising future for this sector with more development and growth in the coming years. The Tertiary sector is similar to the secondary sector in terms that it too adds to the value of the products.