Secondary Sector Current Affairs, GK & News

Secondary Sector

The secondary sector of the economy is involved in the production of finished goods. All manufacturing, processing and construction activities lie in this sector. Some of the activities in this sector are metal working, automobile manufacturing, textile, production, ship building, etc. Most economies in their process of development go through the middle phase, where the ..

NSO First revised FY21 GDP estimates

The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%. Earlier, the GDP had contracted by 7.3%. The contraction is mainly due to COVID pandemic and the lockdown imposed. What do the estimates say? The real GDP for 2020-21 is ..

Month: Current Affairs - February, 2022

Category: Reports & Indexes Current Affairs

Topics: Advanced estimates • Agriculture • Economic growth • Fiscal Year • Fishing • Forestry • GDP • gross asset value (GVA) • GVA • manufacturing sector • Mining • mining and quarrying sector • National Statistical Office (NSO) • Nominal GDP • NSO • oil and natural gas • Primary Sector • Real GDP • Secondary Sector • Water supply

Four Types of Economic Activities

Economic geography deals with the spatial variations on the surface of the earth of activities related to production, exchange and consumption of goods and services. All the economic activities can be divided into four categories as follows: Primary activities Primary activities pertain to obtaining of natural resources from nature directly. Hunting, gathering, farming, animal husbandry, ..

Topics: Economic Activities • Economy • Primary Sector • Secondary Sector