Tertiarisation of the Indian labour market: a new growth engine or sending distress signals?

Dipa Mukherjee () and Rajarshi Majumder

MPRA Paper from University Library of Munich, Germany

Abstract: Tertiarisation of labour market has globally been associated with economic progress. But in developing countries, labour market deformities may push people into service economy out of distress also. This paper examines the tertiarisation process in Indian labour market to bring out the reasons behind such trends and the likely impact of such movements. It is observed that the employment growth in the tertiary sector had been dynamic and growth-induced during the eighties, but in the recent times has turned distress-driven. Sub-sectors within the tertiary sector are behaving differently indicating the heterogeneity of this sector. Policymakers should note these issues and take appropriate steps not only to boost high-end jobs but also to improve productivity and returns in low-end jobs. Then only tertiary sector revolution in India will be beneficial to the workers en masse and be sustainable.

Keywords: Tertiary sector; labour; sectoral transformation; inequality; India (search for similar items in EconPapers)
JEL-codes: E24 J21 J24 J62 O14 (search for similar items in EconPapers)
Date: 2008-09
New Economics Papers: this item is included in nep-cwa and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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