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Can services lead the Indian economy?

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  • Vudayagiri Nagabhushanam Balasubramanyam

Abstract

Growth of services in the economy of India is viewed with concern and wonder; concern that services may not provide employment opportunities in an economy with a large number of semi- skilled and unskilled workers, wonder that services account for nearly 60$ of the GNP in a developing economy. This paper outlines the factors that have promoted the growth of services, analyses the structure of the services sector and argues that services can lead the economy contrary to popular opinion.

Suggested Citation

  • Vudayagiri Nagabhushanam Balasubramanyam, 2016. "Can services lead the Indian economy?," Working Papers 127328906, Lancaster University Management School, Economics Department.
    • Handle: RePEc:lan:wpaper:127328906
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    File URL: http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/LancasterWP2016_010.pdf
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    References listed on IDEAS

    as
    1. Nayyar,Gaurav, 2014. "The Service Sector in India's Development," Cambridge Books, Cambridge University Press, number 9781107475922.
    2. Hill, T P, 1977. "On Goods and Services," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 23(4), pages 315-338, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Growth; Services; India;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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