Low employment rate in the service sector cannot sustain high growth rate for long

By Ananya Mitra and Indra Giri on September 16, 2016 1 Comment

The service sector is one of the fastest growing sectors in India. Contribution of this sector in gross value addition in Indian economy was 52.97% during the financial year 2014-15 (Planning Commission 2015). India witnessed a rapid expansion in this sector after the liberalisation of the economy in 1991.

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