NAME: N YASWANTH REDDY

SUBJECT: B&I ASSIGNMENT (REGARDING AGRICULTURE,INDUSTRIAL AND SERVICE SECTORS)

ADMISSION NO: MBA20146

AGRICULTURE SECTOR:
Agriculture sector comprise establishment primarily engaged in growing crops, raising animals
and harvesting fish and other animals from a farm, ranch, or their natural habitats. The history of
agriculture in India dates back to Indus vally civilization era and even before that in some parts of
southern India. The agriculture sector is one of the most important industries in the Indian
economy, which means it is also a huge employer. Approximately 60 present of the Indian
population works in industry, contributing about 18 present to India’s GDP. This share decreases
gradually with each year, with development in other areas of the country’s economy.

More than 65% of the rural population is engaged in agriculture which leads to an average income
of approximately Rs.6500 a month. This is a clear indication of under-employment and low per
capita. These numbers clearly point out that an unsustainably excessive part of the population is
dependent on agriculture and that we need to wean away labor out of agriculture to other sectors.
The prevailing situation also calls for a need for major policy measures to boost the rural economy
and create new infrastructure for the agricultural sector. It is unfortunate that the farmers are
unaware of the new farming equipment and agricultural techniques. It has become very important
to make farmers realize the importance of and need for new technologies.

There are a lot of new developments in the farming sector with modern mechanized tools that can
help in crop production. India, in the 21st century, is getting Improved agricultural implements and
new mechanized farming tools.  We can review the importance of farming techniques, which can
lead to high crop yield and maintenance of the fertility of the soil while saving time and utilizing it in
 other fields. Equally, we should not forget that taking care of the fields and crops is important along
with a revolution in farming equipment in India.
 
Small changes that do not require any technical knowledge should be encouraged and farmers
should be educated by conducting. E.g.
 
 Farmers should use tractors instead of relying on animals.
 Use seed drill to increase agricultural efficiency.
 Pressure sprayer should be used throughout the farm to protect the crops from being infected.
 Sprinklers should be used to evenly irrigate plants for healthy and consistent growth.
 
This simple implementation of existing machines and improved agricultural implements can help
farmers with the crop yield as well as better health as a load of heavy supplies is reduced.But now,
more and more innovations have taken place in the agricultural field and these new technologies
need to be promoted for the agricultural processes.
With technology-enabled solutions, on soil data, crop variety, productivity, and nutrients lost in
the soil; farms and farmers can prosper. Now, tractors come with agricultural implements
like cultivators or broadcast seeders which greatly help in a plantation of crops. Disc
rotators attached with the tractor disperses seedlings evenly. Seeds can be easily drilled without
much effort and labor of the farmer. Water sprinkler helps to irrigate large parts evenly.Other new
agricultural technologies that are of great importance are sensors and automated agricultural
machines. Sensors track real-time information on farms and ancillary infrastructure along with the
habitat of animals which can help in improving farming practices. Some of the areas where they are
applied are - soil sensors, crop sensors, and livestock biometrics.
 
With the recently launched Pradhan Mantri Krishi Sinchai Yojana, the government is keen to support
and reach irrigation to every farm. Agro machine manufacturers have to support agricultural growth
in the country.

INDUSTRIAL SECTOR:
The industrial sector of the economy is one that make finished products which can then be
utilized viz. construction and manufacturing industry. Industrial sector is also known as
secondary sector.
industrial sector Classification of the (changing) composition of economic activities with the passage
from early to late industrialization. Rationalization and expansion of the primary sector (that part of
the economy concerned with the extraction of natural resources) characteristically precedes the
rapid growth of the secondary sector (that part of the economy concerned with the manufacture of
goods from the raw materials supplied by primary-sector industries), which then becomes the major
source of occupation and employment. Late (advanced or mature) industrialization is associated
with the expansion of the tertiary sector (that part of a country's economy concerned with the
provision of services). There are, however, important exceptions and qualifications to this broad
pattern.

KEY TAKEAWAYS
  The industrial goods sector is a category made up of companies that make or sell machinery,
equipment, or supplies used in manufacturing and construction. 
 The industrial goods sector normal declines during economic recessions, though its various
subsectors often perform differently from one another.
 Some of the largest companies in the world are found in this sector.

Form the above forecast for industrial robot of unit shipment and the growth rate. Here the unit
shipment is going on increasing but while compare with the growth rate. The growth rate is having
fluctuations.
Here we have the comparision between industrial growth, targets and annual GDP growth from the
2000 to 2015 year. From the above image the 2000 industrial growth rate is very less while compare
to target and annual GDP growth, but in 2015 the growth and the annual GDP growth are equal and
the target is in the pic stage.

SERVICE SECTOR:
India's services sector covers a wide variety of activities such as trade, hotel and restaurants,
transport, storage and communication, financing, insurance, real estate, business services,
community, social and personal services, and services associated with construction. The growth of
the Services Sector in India is a unique example of leap-frogging traditional models of economic
growth. Within a short span of 50 years since independence, the contribution of the service sector in
India to the country’s GDP is a lion’s share of over 60%. However, it still employs only 25% of the
labour force. Consequently, agriculture (which is stagnant) and manufacturing (which has not yet
risen to its full potential) continue to sustain the majority of our employed population. This presents
a unique challenge to future economic growth in India and requires out of the box solutions that will
help rapidly harness the potential of the service industry in India. Invest India takes a look at the
contribution of the services sector in the Indian economy, its successes and also explores potential
enablers for future equitable economic growth. The services sector is not only the dominant sector
in India’s GDP, but has also attracted significant foreign investment, has contributed significantly to
export and has provided large-scale employment. India’s services sector covers a wide variety of
activities such as trade, hotel and restaurants, transport, storage and communication, financing,
insurance, real estate, business services, community, social and personal services, and services
associated with construction.

The services sector is a key driver of India’s economic growth. The sector contributed 55.39% to
India’s Gross Value Added at current price in FY20*. Services sector’s GVA grew at a CAGR of 1.45%
to US$ 1,064.8 billion in FY20 from US$ 1,005 billion in FY16. According to RBI data, in April 2020,
service exports stood at Rs 1,254.09 billion (US$ 17.06 billion) while imports stood at Rs 709.07
billion (US$ 9.65 billion).Nikkei India Services Purchasing Managers' Index (PMI) stood at 41.8 in
August 2020, reflecting the highest reading since March 2020 before the coronavirus pandemic
accelerated; however, it is still below the neutral mark, indicating a fifth consecutive decline in
business activity in the private sector.
GEOWTH OF INDIAN SERVICE SECTOR