The Role of the Service Sector in the Indian Economy
JANUARY 12, 2012
On a recent trip – 2-9 th January 2012 – to Chennai (formerly Madras) in India, I attended part of a small conference, which focussed on the role of the services sector on the growth of the Indian economy. This conference was organised by Lancaster University’s India Centre. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now more than 50% of GDP. India therefore has a services-oriented economy.