Productivity Dynamics in India's Service Sector: An Industry-Level Perspective

K L Krishna (), Deb Kusum Das (), Abdul Azeez Erumban, Suresh Aggarwal () and Pilu Chandra Das ()

Working Papers from eSocialSciences

Abstract: The rapid rise of service sector in India, as in its developing counterparts in Asia, follows the pattern of skipped industrialization and raises concern for sustaining economic growth in India. While the share of services in India’s GDP has risen over much of the post-independence period, the economic liberalization in the 1990s paved the way for the emergence of service sector as a key player in India’s growth story. The present paper examines the productivity dynamics in service sector at detailed industry level—the India KLEMS (K = capital, L = labor, E = energy, M = materials, and S = services) panel dataset version 2015. [Working Paper No. 261].

Keywords: labor productivity; resource allocation; services; India; growth; ICT; service; economic growth; telecommunications; financial services; GDP (search for similar items in EconPapers)
Date: 2016-10
Note: Institutional Papers
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Citations: View citations in EconPapers (2)

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Working Paper: PRODUCTIVITY DYNAMICS IN INDIA’S SERVICE SECTOR: AN INDUSTRY-LEVEL PERSPECTIVE (2016)
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