vivekaestus
New member
This report focuses specifically on the services sector because of the central importance of services
to India’s current economic expansion. Whereas the East Asian economies’ success has largely been
built on the development of export-oriented manufacturing, India’s recent growth has been led by the
dynamism of its services sector – particularly high-end, knowledge-intensive services exports. Services
have consistently grown at a faster pace than the economy as a whole since 1991, when the reform
effort was kicked off in earnest.
to India’s current economic expansion. Whereas the East Asian economies’ success has largely been
built on the development of export-oriented manufacturing, India’s recent growth has been led by the
dynamism of its services sector – particularly high-end, knowledge-intensive services exports. Services
have consistently grown at a faster pace than the economy as a whole since 1991, when the reform
effort was kicked off in earnest.