Changing Composition and Growth Performance of Services Sector in India after Liberalization
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Author: H.B. Gupta1 and Amrin Noor2
Author Address: 1Professor and Head, Department of Economics, Institute for Excellence in Higher Education Post Office Ravishankar Nagar Bhopal-462016 (Madhya Pradesh) and 2Research Scholar, Barkatullah University, HabibGanj, Bhopal-462026 (Madhya Pradesh)
Keywords: Growth rate, GSVA, service sector, sub-sector, trend.
JEL Codes: C82, L85, L88, O14.
Abstract
This present study makes an analysis of changing contribution of sub-sector and composition and growth performance in Indian economy. In addition to that, the contribution of sub-sector of service sector in state economy. The results revealed that the growth rate of Chandigarh was high due to providing especial emphasis on dominating sub-sectors of services and its most preferred destination for technology whereas, Sikkim and Arunachal Pradesh due to geographical and environmental conditions development were higher in floriculture and agriculture, although, tourism emerged as a new profession and have different opportunities. Apart of that, in the wake of some challenges in the form of lack of infrastructure, recent crisis in the world market, foreign direct investment (FDI) restrictions and outsourcing backlash were major limiting factor.
Description
Indian Journal of Economics and Development
Volume 16 No. SS, 2020, 432-436
DOI: https://doi.org/10.35716/ijed/NS20-012
Indexed in Clarivate Analytics (ESCI) of WoS
H.B. Gupta1 and Amrin Noor2
1Professor and Head, Department of Economics, Institute for Excellence in Higher Education
Post Office Ravishankar Nagar Bhopal-462016 (Madhya Pradesh) and
2Research Scholar, Barkatullah University, HabibGanj, Bhopal-462026 (Madhya Pradesh)
Corresponding author’s email: amrin.noor04@gmail.com