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The Service Sector in India's Development

Author

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  • Nayyar,Gaurav

Abstract

A striking aspect of India's recent growth has been the dynamism of its services sector. In 2010, it accounted for 57 percent of the country's GDP and 25 percent of its total employment. The results do not conform to the growth experience of currently industrialized countries or other developing economies. Is the increasing share of the service sector in India's total output simply notional, as several activities that were earlier classified in the industrial sector are now subsumed in services' value added, or because the relative price of services has increased over time? No. The sector's growth is real - it is linked to household final demand, policy reforms and increased service exports. Is this service-led growth process sustainable? That remains an open question because the service sector is highly heterogeneous, ranging from software services and business process outsourcing to wholesale and retail trade and personal services. These subsectors vary considerably in the context of different economic characteristics that are important for development.

Suggested Citation

  • Nayyar,Gaurav, 2014. "The Service Sector in India's Development," Cambridge Books, Cambridge University Press, number 9781107475922.
    • Handle: RePEc:cup:cbooks:9781107475922
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    Citations

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    Cited by:

    1. Kaushik Basu, 2018. "A short history of India's economy: A chapter in the Asian drama," WIDER Working Paper Series wp-2018-124, World Institute for Development Economic Research (UNU-WIDER).
    2. K L Krishna & Deb Kusum Das & Abdul A Erumban & Suresh Aggarwal & Pilu Chandra Das, 2016. "Productivity Dynamics In India’S Service Sector: An Industry-Level Perspective," Working papers 261, Centre for Development Economics, Delhi School of Economics.
    3. Ajit K. Ghose, 2021. "Structural Change and Development in India," Indian Journal of Human Development, , vol. 15(1), pages 7-29, April.
    4. Kaushik Basu, 2018. "A short history of India's economy : A chapter in the Asian drama," WIDER Working Paper Series 124, World Institute for Development Economic Research (UNU-WIDER).
    5. Balasubramanyam, V N & Virmani, Swati, 2018. "The Enigmatic Services Sector of India," MPRA Paper 89174, University Library of Munich, Germany.
    6. K L Krishna & Suresh Chand Aggarwal & Bishwanath Goldar & Deb Kusum Das & Abdul A Erumban & Pilu Chandra Das, 2018. "Trends and Patterns in Labour Quality in India at Sectoral Level," Working papers 285, Centre for Development Economics, Delhi School of Economics.
    7. S. Sundari, 2020. "Structural Changes and Quality of Women’s Labour in India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(3), pages 689-717, September.
    8. Uwitonze, Eric & Heshmati, Almas, 2016. "Service Sector Development and its Determinants in Rwanda," IZA Discussion Papers 10117, Institute of Labor Economics (IZA).
    9. Shrotryia Vijay Kumar & Singh Shashank Vikram Pratap, 2020. "A Short History of India’s Economy: Pre- and Post-Independence Period," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 13(4), pages 388-406, December.
    10. Vudayagiri Nagabhushanam Balasubramanyam, 2016. "Can services lead the Indian economy?," Working Papers 127328906, Lancaster University Management School, Economics Department.
    11. Basu, Deepankar & Das, Debarshi, 2015. "Service Sector Growth in India: A View from Households," UMASS Amherst Economics Working Papers 2015-10, University of Massachusetts Amherst, Department of Economics.

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