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Question
Discuss the shares of three different sectors in employment.
Long Answer
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Solution
The shares of three different sectors in employment are as follows (data from India for the period 1972-2019):
- Primary Sector (Agriculture and related activities): The largest employer, but its share has declined over time. It was about 74% of total employment in 1972-73, reduced to 56.6% in 2004-05, and further declined to 43% in 2018-19.
- Secondary Sector (Industry and Manufacturing): This sector's share has been increasing steadily. It was around 11% in 1972-73, increased to 18.7% in 2004-05, and reached 25% in 2018-19.
- Tertiary Sector (Services): The share in employment rose from 15% in 1972-73 to 24.7% in 2004-05 and further to 32% in 2018-19.
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