Deciphering India's Services Sector Growth

This book explores the growth of India's services sector, including factors contributing to the rise, output measurement, heterogeneity, exports, employment, financial inclusion, ICT services, and education's contribution to GDP. It highlights major concerns in the wake of India's fast-growing economy and examines whether the services sector can fulfill the benefits of India's demographic dividend through sustainable growth.

Format: Paperback / softback
Length: 228 pages
Publication date: 25 September 2023
Publisher: Taylor & Francis Ltd

The services sector in India is a crucial component of the country's economy, contributing to over 60% of the GDP and employing a significant portion of the workforce. This sector encompasses a wide range of activities, including government services, private sector enterprises, and non-government organizations. In recent years, the services sector has experienced rapid growth, driven by factors such as urbanization, technological advancements, and increasing consumer demand.

This book aims to explore the nature and implications of the growth of India's services sector. It addresses various issues related to the sector, such as factors contributing to its rise, output measurement and heterogeneity, growth of services exports, and employment opportunities. The book also examines policy interests, employment potential, diversity within the sector, and challenges in financial inclusion.

The volume brings together diverse themes to highlight major concerns in the wake of the prominent role that services have played in placing India among the fast-growing economies in the world. It examines whether the services sector, beyond agriculture and industry, holds the promise of fulfilling the benefits from India's demographic dividend for its economic transformation through sustainable growth.

The book employs key empirical analyses of household, enterprise, and macroeconomic data for India within both formal and informal sectors. This provides a comprehensive understanding of the sector's dynamics and challenges. The book is intended for scholars and researchers of economics, Indian economy, political economy, development economics, development studies, public policy, and South Asian studies. It will also be valuable to development professionals, policy makers, and industry specialists who are interested in understanding the services sector's role in India's economic development.

In conclusion, the growth of India's services sector is a significant factor in the country's economic transformation. This book provides valuable insights into the nature and implications of the sector's growth, and its contributions to India's economic development. It will be of interest to scholars, researchers, and professionals working in the field of economics, development, and public policy.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367623098