Choose the given statement is true/false:

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

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True

False

answer is A.

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Detailed Solution

The given statement is “true.” Agricultural activity forms a major part of the primary sector, the largest employer of all three economic sectors. The primary sector directly exploits natural resources to produce natural products, which are further processed in industries that come under the secondary sector. The primary sector employs a huge proportion of the workforce. More than 50% of the workforce is dependent on the primary sector for a livelihood, and about 70% of rural households depend on the primary sector to earn a living. Though this sector has the highest labour absorption capacity, it contributes the least among other sectors to the economy's Gross Domestic Product due to underemployment.

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