Service Sector Led Economic Growth in India and Some Measurement and Database Issues

Saikia, Dilip (2008): Service Sector Led Economic Growth in India and Some Measurement and Database Issues.

Abstract

In recent years there has been a rapid and sustained growth of the service sector in the Indian economy. But unfortunately, while the importance of the services is growing statistical data and other relevant information of the services are abysmally low. There are problems relating to the methodology employed on the contribution of the private sector, especially the unorganized part of the private sector. In this article an attempt has been made to find out the problems associated with the estimation of services sector GDP.

• Item Type: MPRA Paper
• Language: English
• Keywords: Services Sector, Indian Economy
• Subjects: L - Industrial Organization > L8 - Industry Studies: Services

References

CSO (2007), National Accounts Statistics- Sources & Methods 2007, Central Statistical Organisation, Ministry of Planning and Implementation, Government of India, Website: http://mospi.nic.in/rept%20_%20pubn/ftest.asp?rept_id=nad09_2007&type=NSSO

Nagaraj, R (2008), “India’s Recent Economic Growth: A Closer Look”, Economic and Political Weekly, April 12, 2008

Saluja, M. R. & B. Yadav (2007), “Gross Domestic Product from Services Sector”, Economic and Political Weekly, September 15, 2007

Sharma, R; S. Hazra and S. Chitkara (2007), “Measurement of GDP of Services Sector in the New Series of National Accounts Statistics”, Economic and Political Weekly, September 15, 2007

Shetty, S. L. (2007), “Status Paper on Database Issues of the Services Sector”, Economic and Political Weekly, September 15, 2007

Tendulkar, S. D. (2007), “India’s Growing Services Sector: Database Problems and Issues”, Economic and Political Weekly, September 15, 2007