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What is the main economy of Chennai?

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What is the main economy of Chennai?

Chennai has an economic base anchored by the automobile, software services, medical tourism, hardware manufacturing and financial services. Other important industries include petrochemicals, textiles and apparels. The Chennai Port and Ennore Port contribute greatly to its importance.

What are the major industries in Chennai?

Major Industries in Chennai-

  • Automobiles. Chennai is also referred to as Detroit of Asia.
  • Electronics Hardware.
  • Software Services.
  • Medical Tourism.
  • Entertainment Industry.
  • Petrochemicals & Textiles.
  • Banking & Finance.
  • Also, Read.

What is the main source of income in Tamil Nadu?

Services contributes to 55\% of the economic activity in the state, followed by manufacturing at 34\% and agriculture at 11\%. Government is the major investor in the state, with 52\% of total investments, followed by private Indian investors at 29.9\% and foreign private investors at 14.9\%.

What are the most important sectors of the economy?

The main sectors of the economy are:

  • Primary sector – extraction of raw materials – mining, fishing and agriculture.
  • Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity.
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HOW IS IT industry in Chennai?

Many software and software services companies have development centres in Chennai, which contributed 14 percent of India’s total software exports of ₹ 14,42,140 lakh during 2006–07, making it the second largest Indian city software exporter following Bangalore and the city is the home for 7 top rated IT companies out …

What are the 5 sectors of economy?

Sectors of the Economy: Primary, Secondary, Tertiary, Quaternary and Quinary.

What are the 3 main sectors of the economy?

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).

In which sector is Chennai the second largest exporter from India?

Chennai, the Business Process Outsourcing (BPO) hub of India, is the second largest exporter of IT and ITES.