Services Growth in India

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Notes

Manak C Singhi

Rajarangamani Gopalan

Vol. 50, Issue No. 41, 10 Oct, 2015

Services Growth in India

Vol. 50, Issue No. 41, 10 Oct, 2015

Notes

Manak C Singhi, Rajarangamani Gopalan

Macroeconomic data shows a lack of improvement in the incremental capital-output ratio along with diminishing total factor productivity in India's services sector--surely a warning. If far-reaching measures are not taken, India may soon be unable to compete in the global market in this area.

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