Sectoral Structure of Indian Growth: Could Kaldor Explain It?

Atulan Guha ()
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Atulan Guha: Indian Institute of Management Kashipur

No 8209711, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: The GDP growth structure of India is dominated by the growth in service sector. Kaldor has argued that the sector that has the strongest capital accumulation and technical progress and input-output linkages with the rest of the economy should play the role of growth driver. Since, Indian sectoral growth structure is dominated by service sector it is expected that it should have the strongest backward and forward linkages with the rest of the economy and should have strongest capital accumulation and highest productivity growth. This paper argues through empirical evidences that service sector in India does not fulfil these criteria and hence, Kaldor?s theory is inadequate to explain sectoral structure of the Indian growth.

Keywords: Growth; Services; India; productivity (search for similar items in EconPapers)
JEL-codes: O14 O40 O53 (search for similar items in EconPapers)
Pages: 1 page
Date: 2018-07
New Economics Papers: this item is included in nep-gro and nep-hme
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Published in Proceedings of the Proceedings of the 39th International Academic Conference, Amsterdam, Jul 2018, pages 92-92

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