In the calculation of National Income in India, which sector is traditionally categorized under the 'Primary Sector'?

💡 Solution & Explanation

The primary sector of the Indian economy encompasses industries engaged in the extraction and harvesting of natural resources, including agriculture, forestry, animal husbandry, and fishing. Conversely, manufacturing falls under the secondary industrial sector, while banking and transport constitute the tertiary or services sector. This tripartite classification is fundamental to national income accounting and macroeconomic analysis published by organizations like the Central Statistics Office.