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Sectors Of Indian Economy (view source)
Revision as of 17:06, 23 November 2013
, 17:06, 23 November 2013no edit summary
*Assessments - incorporating elements of CCE
*Assessments - incorporating elements of CCE
*Question Corner
*Question Corner
==Key Idea 4 - Introduction to tertiary Sector==
What are the key ideas to be covered
===Learning objectives===
To understand about the key services of Karnataka and India
To understand problems faced by India's tertiary sector
===Notes for teachers===
The tertiary sector is often called the service sector of the economy. People offer their knowledge and time to improve productivity, performance, potential, and sustainability. The tertiary sector supports the other two sectors. Banking, insurance, transport, communication, health, education and training are among some of the important examples of services offered by the tertiary sector.
Banking
[link to banking under Chapter 3: Money and Credit]
Insurance
Insurance is a form of protection against risk from one party to another in exchange for payment. Insurance in India, in its current form dates back to 1818 to the Oriental Life Insurance Company in Kolkata. The Government of India nationalized the life insurance sector in 1956 and established the Life Insurance Corporation. The General Insurance Corporation for general business needs was founded in 1971. The insurance sector was opened to other players in 2000, and has thrived since then. The sector is regulated by the Insurance Regulatory and Development Authority (IRDA) under the IRDA Act of 1999. The LIC is still the country's largest insurer and has about 65% of the market share for life insurance. Some examples of non-life insurance are motor insurance, fire insurance, marine insurance, health insurance etc. In 2012, motor insurance occupied 41% of the market, followed by health insurance at 23%. This report is a good overview of the insurance sector in India.
Transport
India's transport sector contributed to 5.5% of the GDP in 2007, with road transport being the biggest contributor. Roads carry 90% of the country's passenger traffic and 65% of its freight. However, most Indian highways are congested and of poor quality. Moreover, 40% of India's villages do not have access to all-weather roads. Railways are the other form of land transport – in 2007 Indian Railways carried some 17 million passengers and 2 million tonnes of freight a day. Regarding water transport, India has 12 major ports and 187 intermediate and minor ports, and 7500 km coastiline. They help transport petroleum products, iron ore and coal among others. On air transport, India has 125 airports including 11 international aiports. Indian airports handled 96 million passengers and 1.5 million tonnes of cargo in 2006-07. This link contains some useful information about the challenges faced by the sector and some key government strategies to ease the sector.
Telecommunication
The different modes of communication include telephone, Internet, telegraphs and postal services. India's telecommunication network is the second largest in the world, based on total number of telephone users. It also has the world's third-largest Internet user base with over 137 million users as of June 2012. India's telecom sector is classified into mobile, fixed line and Internet services. The images below gives a snapshot of the key players in the market and India's National Telecom Policy, 2012. This link also gives a good background of the sector.
Health
India has a universal health care system run by the states. The Indian Constitution charges the state with 'raising the level of nutrition and the standard of living of its people and the improvement of public health' as one of its primary duties. India has a National Health Policy introduced in 1983 and amended in 2002. India's life expectancy at birth is 64 and 67 years for males and females respectively. The birth rate is 23.1 births per 1000 in 2005-10, and a death rate of 8.3 deaths per 1000, 2005-10. Its total health expenditure is 3.9% of the GDP. This page has a good profile of health in India.
This page has detailed information about health in India.
Education
In India, education is provided by the private and public sector. The total literacy rate in 2011 was 74%, 82% for males and 65% for females. Over 96% of all children between 6 and 14 years are enrolled in school in 2012. There are 1,306,992 schools in India according to the 2009 All India School Education Survey. The number of schools by management is given below:
Government: 524,234
Local Body: 140,765
Private Aided: 26,484
Private Unaided: 68,203
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===Activity No # ===
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*Estimated Time
*Materials/ Resources needed
*Prerequisites/Instructions, if any
*Multimedia resources
*Relevant local connections - people, places and materials
*Website interactives/ links
*Process
*What questions can you ask
*Assessments - incorporating elements of CCE
*Question Corner
= Project Ideas =
= Project Ideas =