What are the 5 sectors of the economy?

Based on economic activity, the 5 sectors of the economy are primary, secondary, and tertiary sectors. These are classical distinctions of economic activities. In the 20th century, the economists put forth the idea of further breakdown of the tertiary sector into the quaternary and quinary sector. You can read about the Make In India – Initiatives, Aims, Advantages & Challenges [UPSC Notes GS-III] in the given link.

Industries related to hospitality and human services come under the quinary sector. Knowledge and information based services come under the quaternary sector.

Further readings:

  1. Department for Promotion of Industry and Internal Trade (DPIIT) & DIPP – UPSC Notes
  2. 10 Maharatna Companies – Central Public Sector Enterprises (CPSEs)

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