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Secondary Sector of Indian Economy

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Secondary Sector of Indian Economy

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.

Industry


India’s industrial sector accounts for 27.6% of the GDP and gives employment to 17% of the total workforce. Though agriculture is the foremost occupation of the majority of the people, the government had always laid stress on the industrial development of the country. Thus policies and strategies were framed to give a boost to India’s industry. The government aims at achieving self-sufficiency in production and protection from foreign competition. Since independence, India is marching ahead to become a diverse industrial base.

Today India holds some key industries in the sectors like steel, engineering and machine tools, electronics, petrochemicals, textiles and software. Importance has also been give to improve the infrastructure of the country. The government has liberalized its industrial policy thereby attracting huge foreign direct investment. If on one hand several multinational companies opened their offices in India, on the other hand many Indian companies started their operations in foreign countries.

Construction


The process of building or assembling of infrastructure is known as a term commonly used in architecture and civil engineering- “construction”. Construction job is all about multitasking and needs the services from project manager, construction manager, design engineer, construction engineer and project architect.
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