Performance of The Share of The Secondary Sector in Relation To Gdp, Workforce and Exports

Abstract

       Secondary sector has come to be regarded as synonymous with economic development. Industrialization involves adoption of technologically superior techniques of production that help to transform basic raw material and intermediate goods into manufactured goods. It also means application of modern techniques of management and organization like economic calculations, accountancy and management techniques, etc. Secondary sector has contributed much to the economic development of Indian economy. After independence there was an emphasis on industrialization. The heavy industry-oriented strategy of industrialization and the pursuit of industrial growth is the major objective of planning.