Lucknow: The secondary sector, at Rs 6.16 lakh crore, contributes 26.1% to the State Gross Value Added (SGVA), which measures the total value of goods.

Construction, electricity, gas, water supply, and other services are part of the secondary sector. In the year 2024-25, the contribution of this sector in the state economy fell to 19.03% from 19.36%.

While the White House is waging a trade war on behalf of US manufacturing, the largest and most important part of the US economy, one that has a trade surplus, not a gap, is under threat.

The sector tariffs could very well push that to the higher range of 4% to 4.5%, she said. CPI hasn’t been above 4% for nearly two years, Bureau of Labor Statistics data shows.

The U.S. economy, for the most part, is a services economy. The services sector accounts for more than 70% of the country’s gross domestic product, according to the Bureau of Economic Analysis ...

Putting aside the debate about whether politicians can successfully bring back a large number of manufacturing jobs — many economists are skeptical of this — we at Planet Money were curious ...

Meanwhile, a broad expansion of service-sector jobs — bartenders, servers, cooks, maids — now offers a lower foothold in the economy for workers without a college degree who 40 years ago might ...

On the current state of the U.S. economy, Williams said the labor market remains strong with the unemployment rate at 4.2%, “pretty close to what most economists consider full employment.” ...