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Asked by Shreyas Last Modified
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It appears that agriculture ..lot of people 80 to 90 was in it in 190..by now in2018..dependant ratio is 50%..Are engaged but productivity is low .because of poor monsoons..& no govt support..it is Tertial sector comprising of banks, Telecom., services of all kinds from productive like electric, hydro power .coal and oil & infrastructure like road, railways, air & sea transport. Trade , commerce , shipping , P& T service .telephone services , education , legal ,contribute more than 40 % of our GDP..there fore future depend on that sector in india..as in majority of countries of modern world..Dr K S Velmurugan , KMCPGS Pondicherry
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the tertial sector oflate has beenexpanding - banking trade , commerce, IT & ITES services , transport of all type - air. sea,and land ways have improved multi times yielding seconf largest GDP in the world.. employment is huge & trans country migration is on then increase. It help growth of industry ,but vulneraqble groups lilke agricultural farmers.small artisans . village jobe have dissapeared with demonetisation tragedy ,with GST hurriedly implemented caused 2 % fall in GDP to lower India rank in world trade assessments.. but now improving .because india is like A WHITE ELEPHANT ..to big Market i billion & more to be affected ..but not so in long run of economy .. Dr K S Velmurugan Pondy
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Perhaps the tertial sector commands are largest & can provide immediate employment & income. in present global slowing down of world markets & sharp deceleration in world prices for all products. Under such circumstances, the govt must prop up ailing agriculture & industry with MSP prices, and revive these two sectors. As well go for construction sector like roads, railways, new ports all over the coastline to promote shipping & merchandising exports to boost the sagging GDP.
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