India Needs Rapid Manufacturing-LED Growth
Published By: Institute for Human Development | Published Date: January, 01 , 2015The paper discusses India’s rapid services-led growth has always seemed rather fortuitous and unsustainable. For, both historical experience and economic reasoning lead us to expect growth at India’s level of per capita income to be led by manufacturing and not by services. Growth slowed down very substantially after 2011/12 though it remained services-led.The questions that naturally arise are: Should India strive to revive rapid services-led growth? Or should it shift to rapid manufacturing-led growth?
Author(s): Ajit Ghose | Posted on: Oct 01, 2015 | Views()