Question : Which of the following sectors is often referred to as the organized sector in India?
Option 1: Agriculture
Option 2: Manufacturing
Option 3: Services
Option 4: Informal sector
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Answer (1)
20th Jan, 2024
Correct Answer: Manufacturing
Solution : The correct answer is (b) Manufacturing
In India, the manufacturing sector is often referred to as the organized sector. This sector typically includes industries such as textiles, automobiles, chemicals, electronics, machinery, and others. The organized manufacturing sector is characterized by formal establishments, structured employment contracts, regulatory compliance, and relatively higher levels of organization and institutionalization.
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