In the context of India's national accounts, which economic activity falls strictly under the 'Secondary Sector'?

💡 Solution & Explanation

The secondary sector of an economy encompasses activities related to manufacturing, construction, gas, water supply, and electricity generation, which transform raw materials into finished goods. In contrast, agriculture and forestry fall under the primary sector, while services belong to the tertiary sector. National income accounting relies on these distinct classifications to measure structural economic shifts over time.