Author : Inderjeet Singh
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (13 download)
Book Synopsis Structural Change and Tertiarization in India by : Inderjeet Singh
Download or read book Structural Change and Tertiarization in India written by Inderjeet Singh and published by . This book was released on 2013 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural change in an economy takes place mainly along two dimensions: one along sectoral shares and another along work force shares engaged in these sectors. As the economy moves from lower to higher stages of development, there occurs a shift from simpler to more modern and complicated techniques of production on the one hand and from primary to secondary and/or to tertiary sectors on the other. The excess growth of tertiary sector coupled with state-of-the-art technology has got its own implications for the future development patterns of the system. In India, the share of tertiary sector in the gross domestic product has already crossed the fifty five percent mark. The excessive growth of tertiary sector and its effect on economic growth, employment and sustainability of the system has become a matter of concern. In this context, the work is an attempt to analyze the structural change and tertiary sector in India.