The Service Sector in India
Mukherjee, Arpita | June 2013
Abstract
The service sector is the largest and fastest growing sector in India and has the
highest labor productivity, but employment has not kept pace with the share of
the sector in gross domestic product and has not produced the number or
quality of jobs needed. There is no policy leading to inclusive growth, and
multiple, uncoordinated governing bodies adversely affect the growth of the
sector. Many regulations are outdated, and there are restrictions and barriers on
foreign direct investment. While India is among the top 10 World Trade
Organization members in service exports and imports, the growth and export of
services is less than that of the People’s Republic of China, and exports are
competitive in only a few services and are concentrated in a few markets. Most
of the poor in India do not have access to basic services such as healthcare and
education, and infrastructure is weak so the cost of service delivery is high.
Although India wants to be a knowledge hub, there is no uniformity in the quality
and standards of education, and formal education does not guarantee
employability. Policy measures are suggested for inclusive growth that will also
enhance India’s global competitiveness in services.
Citation
Mukherjee, Arpita. 2013. The Service Sector in India. © Asian Development Bank. http://hdl.handle.net/11540/2314. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Business Economics
Economics
Regional Economic Development
Women's Education
Technical Education
Rural Education
Quality Education
Levels Of Education
Educational Systems
Educational Statistics
Economic planning
Economic policy
Development assistance
Development cooperation
Economic evaluation
Economic censuses
Development education
Educational development
Educational administration
Educational planning
Comparative economics
Social responsibility of business
Communication in economic development
Consumer education
Foreign trade and employment
Communication in international trade
Economic development projects
Educational exchange
Educational evaluation
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