000			01901nam a22001457a 4500
999			_c532411 _d532411
008			260204b ||||| |||| 00| 0 eng d
100			_aNayyar, Gaurav _958707
245			_aIndia’s forgotten promise of services-led growt
260			_aThe Indian Journal of Labour Economies
300			_a68(3), Jul-Sep, 2025: p.711-731
520			_aThe rapid growth of India services sector is much cited in the discussion on growth and structural transformation. However, India’s services-led structural transformation presents a dichotomy. Knowledge-intensive services (comprising finance, information and communication technology [ICT], and business services), which have contributed to productivity growth, have typically been intensive in skilled labour. On the other hand, low-skilled services, such as retail, have absorbed labour but have shown little productivity growth. This dichotomy conceals more than it reveals. For one, India’s exports of knowledge-intensive services have supported jobs and incomes more than exports of manufactured goods. This export-led growth has also had spillover benefits in terms of supporting jobs in other sectors as well as through increasing education enrollment rates. Furthermore, there are opportunities to raise productivity among low-skilled services through the diffusion of digital technologies, new business models, and trade. Last, but not least, strengthening the linkages between the services and manufacturing sectors can boost economy-wide growth and job creation. These findings present a case for reclaiming India’s forgotten promise of services-led growth as part of a broader multi-sectoral development process.- Reproduced https://link.springer.com/article/10.1007/s41027-025-00588-8
650			_aStructural transformation, Services sector, Growth, India. _958708
773			_aThe Indian Journal of Labour Economies
942			_cAR