Rebooting Economy 58: The untold story of India's services sector
It is an unending saga of gross negligence despite the services sector being the main driver of India's growth story; contributes the most to GDP and is arguably the largest employer too
Prasanna Mohanty | January 13, 2021 | Updated 12:11 IST
Unlike other sectors of economy, there is a paucity of literature on services not just in India but globally, reflecting poor faith of economists in its ability to drive growth
How neglected is India's services sector can be easily determined by asking a simple question to policymakers, planners, or economists: What was the services sector's contribution to the GDP in 1950-51?