Which sector of economy is largest employer?

The agricultural sector is the largest employer in the Indian economy.

Which sector of Indian economy is the largest employer?

The primary sector continues to be the largest employer even now. 3. More than half of the workers in the country are working in the primary sector, mainly in agriculture, producing only a quarter of the GDP.

What is the largest sector of the economy?

Services has been, by far, the biggest contributor to GDP, accounting for over 68 percent in 2018 (figure 1). Within services, the industry that makes up Wall Street—finance, insurance, and real estate—alone accounted for a fifth of the total economy, making it the largest industry by contribution to GDP.

What is the biggest employment sector in the world?

Global Biggest Industries by Employment in 2021

  • Global Tourism. 27,182,096.
  • Global Consumer Electronics Manufacturing. 17,430,942.
  • Global Fast Food Restaurants. 14,212,192.
  • Global Commercial Real Estate. 13,010,231.
  • Global Apparel Manufacturing. …
  • Global Hotels & Resorts. …
  • Global Commercial Banks. …
  • Global HR & Recruitment Services.
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Which sector will grow in 2020?

Here are 5 of the best and promising industry sectors where you can expect a growth trajectory.

5 Best industry sectors in 2020 for Indian investors

  1. Banking. Are you serious? …
  2. Infrastructure. …
  3. Automobile. …
  4. Information Technology. …
  5. Consumer Electronics.

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Which sector will grow in future?

5 Sectors on a Hiring Spree

  • INFORMATION TECHNOLOGY. The IT sector has been India’s sunshine sector for quite some time now. …
  • TELECOM. India’s telecom story is only getting better. …
  • HEALTHCARE. …
  • INFRASTRUCTURE. …
  • RETAIL.

What is the richest industry in the world?

Top 10 Richest Companies in the World in 2019 by Revenue

  • China National Petroleum – $392.9 billion revenue in 2019.
  • State Grid – $387 billion in revenue in 2019.
  • Saudi Aramco – $355.9 billion revenue in 2019.
  • BP – $303.7 billion revenue in 2019.
  • Exxon Mobil – $290.2 billion revenue in 2019.
  • Volkswagen – $278.3 billion revenue in 2019.
  • Toyota Motor – $272.6 billion revenue in 2019.

Why is US economy so strong?

– The USA has maintained stable monetary policy for most of its history, and has very rarely allowed hyper inflation to become the norm. This stabilizes the economy and increases the chances for growth.

What are the 5 industry sectors?

Industry sectors

  • Primary sector of the economy (the raw materials industry)
  • Secondary sector of the economy (manufacturing and construction)
  • Tertiary sector of the economy (the “service industry”)
  • Quaternary sector of the economy (information services)
  • Quinary sector of the economy (human services)

What industry has the most jobs?

In 2020, the education and health services industry employed the largest number of people in the United States. That year, about 34.1 million people were employed in the education and health services industry.

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What are the 5 largest industries in the world?

Global Biggest Industries by Revenue in 2021

  • Global Commercial Real Estate. …
  • Global Car & Automobile Sales. …
  • Global Car & Automobile Manufacturing. …
  • Global Direct General Insurance Carriers. …
  • Global Commercial Banks. …
  • Global Oil & Gas Exploration & Production. …
  • Global Auto Parts & Accessories Manufacturing. …
  • Global Tourism.

Which sector has more employment?

‘Services sector generates more employment than any other sector’

Which sector is best to invest now?

7 Sectors for Long Term Investment

  • IT (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 sector is growing fast in India 2021?

Pharma: With healthcare being a key focus area (post COVID), not just in India but across the world, pharma sector is expected to grow. MNCs offering China nearly 50% discount, in terms of getting their drugs approved in the Chinese market, can create more opportunities for Indian pharma players.

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