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Karar, Probir
- Growth of Services Sector in the Indian Economy:An Input-Output Structural Decomposition Analysis
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Authors
Affiliations
1 Elitte Institute of Engineering and Management, Ghola, Sodepur, Kolkata 700113, West Bengal, IN
2 Kalna College, Kalna, Burdwan 713409, West Bengal, IN
1 Elitte Institute of Engineering and Management, Ghola, Sodepur, Kolkata 700113, West Bengal, IN
2 Kalna College, Kalna, Burdwan 713409, West Bengal, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 56, No 1 (2014), Pagination: 147-156Abstract
The sectoral composition of the Indian economy has undergone a significant structural shift over the years. From a primary agro-based economy during the early years of planning, the Indian economy has emerged as predominant in the services sector during the last couple of decades. The shift in the composition is likely to cause substantial changes in production and demand, and the linkages among various sectors of the economy. This paper seeks to address the reasons for this growth and consequent 'structural change' in the economy during the period 1983-1984 to 2003-2004, using I-O Structural Decomposition Analysis.
- Output Measurement of Services:Case Studies of Medical Care and Retail Trade in India
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Authors
Affiliations
1 Bhairab Ganguly College, Belghoria, Kolkata 700056, West Bengal, IN
2 Department of Science and Humanities, Ideal Institute of Engineering, Kalyani Silpanchal, Kalyani, Nadia 741235, West Bengal, IN
1 Bhairab Ganguly College, Belghoria, Kolkata 700056, West Bengal, IN
2 Department of Science and Humanities, Ideal Institute of Engineering, Kalyani Silpanchal, Kalyani, Nadia 741235, West Bengal, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 58, No 3 (2016), Pagination: 234-238Abstract
The sectoral composition of the Indian economy has undergone a structural shift over the years. It is best exemplified in changes in the shares of GDP contributed by agriculture, industry and service sectors. From a primary agro-based economy during the early years of planning, the Indian economy has emerged as predominant in the services sector during the last couple of decades. This note has tried to shed lights on this 'service-led' growth from the angle of official data base and its estimation procedures. It has been argued that appropriate data and proper estimation procedures can explain and even alter the conclusions drawn previously, particularly in the case of phenomenal growth of services sector in the few decades.References
- Fuchs, V.R. (1968), The Service Economy, National Bureau of Economic Research, Columbia University Press, New York, USA.
- Grilliches, Z. (Ed.) (1992), Output Measurement in the Services Sectors, Studies in Income and Wealth, No. 56, (Chicago: University of Chicago Press and National Bureau of Economic Research).
- Kochhar, et. al. (2006), India’s Pattern of Development: What happened? What Follows? Journal of Monetary Economics, 53(5): 982, July.
- Nagaraj, R. (2009), Is Services Sector Output Overestimated? An Inquiry, Economic and Political Weekly, 44 (05): 40-45, January.
- Schettkat, R. and L. Yocarini (2006), The Shift to Services Employment: A Review of the Literature, Structural Change and Economic Dynamics, 7(2): June.
- Triplett, J.E. and B.P. Bosworth (2001), Productivity in the Services Sector, in R.M. Stern (Ed.), Services in the International Economy, Ann Arbor: University of Michigan Press.