Emerging Services Sector and Inclusiveness: Evidence from India
The services sector has emerged as the most dynamic and important sector in India in the post-liberalization era. It has increased its contribution to the Indian economy not only in terms of GDP, but also in exports. However, one area where the services sector has not yet contributed significantly is employment creation. This has raised questions regarding the inclusivity of India’s services sector-led growth story.
This book is a collection of papers devoted to understanding and analysing the role of the services sector in GDP, trade and inclusive growth in the Indian economy. These contributions examine specific issues related to the services sector in India, such as employment, trade cycles, foreign direct investment, and migration, and also analyse sector specific issues in selected services like retail, insurance, IT-BPO and aviation.
Pralok Gupta is a Consultant and Assistant Professor of Services and Investment at the Centre for WTO Studies at the Indian Institute of Foreign Trade, New Delhi. He received a PhD in Economics and Social Sciences from the Indian Institute of Management (IIM), Bangalore. He has been appointed as an Expert Member of various Inter-Ministerial Groups on Services Trade by the Government of India and also of the FICCI National Council on Services by the Federation of Indian Chambers of Commerce and Industry (FICCI). His research interests include trade policy and regulations, the WTO, services trade, investment, e-commerce, and international migration. His publications include the co-authored volume Globalization of Legal Services and Regulatory Reforms: Perspectives and Dynamics from India (2015) and the co-edited volume India-EU People Mobility: Historical, Economic and Regulatory Dimensions (2015).
"Domestically, there is a growing need to understand the importance and linkage effects that the service sector in general and various sub-sectors in particular exert on the Indian economy for effective policymaking. In this context, the recent volume edited by Pralok Gupta is a timely contribution to the literature, which analyzes various research and policy issues pertaining to service sector in the Indian context. [...] As India is in the process of identifying the right chemistry for broadbasing the service sector growth and enhancing the employment repercussions, the present volume, which discusses the concerns and opportunities in selected service categories, makes an interesting reading for the academicians, policymakers and researchers who have a keen interest in this area."
Debashis Chakraborty Indian Institute of Foreign Trade Foreign Trade Review, 51:3 (2016)
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