EconPapers    
Economics at your fingertips  
 

The services sector in India

Rafiq Dossani ()
Additional contact information
Rafiq Dossani: RAND Center for Asia Pacific Policy

DECISION: Official Journal of the Indian Institute of Management Calcutta, 2018, vol. 45, issue 2, 147-160

Abstract: Abstract This paper discusses the role of services in India’s economy. Through analyzing global data on the relationship between services, manufacturing, and GDP, we show that the relationship of services to economic growth is complex and usually involves a consideration of the manufacturing sector. In India’s case, somewhat unusually, services and manufacturing grew independently of each other for many years. This independence was in large part due to public policies that encouraged low value-added, capital-intensive manufacturing through protectionist policies. This helps explain why both services and manufacturing were relatively low value added compared to other countries, such as China, that consciously sought to integrate the two sectors. We discuss policymakers’ options for promoting higher value-added services in India, what this means for the manufacturing sector, and the linkages between services and manufacturing.

Keywords: Service sector; India; Value-addition; Relationship between services; Manufacturing (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s40622-018-0173-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:decisn:v:45:y:2018:i:2:d:10.1007_s40622-018-0173-0

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/40622

Access Statistics for this article

DECISION: Official Journal of the Indian Institute of Management Calcutta is currently edited by Rajesh Babu

More articles in DECISION: Official Journal of the Indian Institute of Management Calcutta from Springer, Indian Institute of Management Calcutta
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-11-06
Handle: RePEc:spr:decisn:v:45:y:2018:i:2:d:10.1007_s40622-018-0173-0