Services growth in India: A look inside the black box
Description
It is now widely recognized that the pattern of growth in India in recent years has been an unconventional one. Virtually all labor-abundant developing countries such as Taiwan, South Korea and China saw the shares of labor-intensive manufacturing in the GDP and employment rise and those of agriculture fall during their high-growth phases. In contrast, during its recent high-growth phase, India has witnessed the share of labor-intensive manufacturing in the GDP stagnate despite a declining share of agriculture. Moreover, the movement of workers out of agriculture has been extremely piecemeal, with shifts in the relative employment shares barely visible
Copyright Date
January 2010
Publication Date
1-1-2010
Keywords
Services sector, Services growth, Economic growth, Employment
Conference
Columbia-NCAER Conference on Trade, Poverty, Democracy and Inequality, 31st March, 2011, New Delhi
