IJSSER

Title: GROWTH OF EMPLOYMENT IN SERVICES SECTOR
Authors: MS. POONAM
\|\| \|\|
MS. POONAM ASSISTANT PROFESSOR, DEPARTMENT OF ECONOMICS, MAHILA MAHAVIDYALAYA, CHARKHI DADRI, HARYANA, INDIA
MLA 8 MS. POONAM. "GROWTH OF EMPLOYMENT IN SERVICES SECTOR." Int. j. of Social Science and Economic Research, vol. 3, no. 7, July 2018, pp. 3478-3511, ijsser.org/more2018.php?id=244. Accessed July 2018. APA MS. POONAM. (2018, July). GROWTH OF EMPLOYMENT IN SERVICES SECTOR. Int. j. of Social Science and Economic Research, 3(7), 3478-3511. Retrieved from ijsser.org/more2018.php?id=244 Chicago MS. POONAM. "GROWTH OF EMPLOYMENT IN SERVICES SECTOR." Int. j. of Social Science and Economic Research 3, no. 7 (July 2018), 3478-3511. Accessed July, 2018. ijsser.org/more2018.php?id=244.
References [1]. Joshi Seema (2008), "Growth and Structure of Teritary Sector in Developing Economies", Academic Foundation, New Delhi. [2]. Joshi Seema (2004), "Tertiary Sector-Driven Growth in India - Impact on Employment and Poverty", Economic and Political Weekly, Special Article, 39 (37), pp. 4175-4178, September 11. [3]. Ruddar Datta (2002), "Economic Liberalisation and its Implications for Employment in India" in Mathur Ashok, Rainkhy P.S. (ed.), Deep and Deep Publications, New Delhi. [4]. Banga Rashmi (2005), "Critical Issues in India's Service-Led Growth", ICRIER, Working PaperNo.171, New Delhi. [5]. Acharya Shankar (2004), "India's Growth Prospects Revised", Economic and Political Weekly Special Article, October 9, pp. 4537-4542. [6]. Chanda R. (2004), "Trade in Financial Services: India's Opportunities and Constraints", ICRIER, Working Paper No. 152. [7]. Eichengreen Barry and Gupta Poonam (2010), "The Services Sector as India's Road to Economic Growth?", ICRIER, Working Paper No. 20249. [8]. Fuch V. (1968), "The Service Economy", National Bureau of Economic Research, New York. [9]. Gandhi Jegadish P. and Ganesan P. (2002), Services Sector in the Indian Economy, Deep & Deep Publications Pvt. Ltd., New Delhi. [10]. Dasgupta Sukti, and Ajit Singh (2006), "Will Services be the New Engine of Economic Growth in India?", Centre for Business Research, University of Cambridge, Working Paper No.310, September. [11]. Acharya Shankar, (2003), "What's Happening in Services", Business Standard, December 23. [12]. Sabolo Y. (1975), "Indian Service Industries", ILO, Geneva. [13]. World Bank Group 2017, Global Economic Prospects: A Fragile Recovery, Washington, DC: World Bank. [14]. https://www.wto.org/english/tratop-e/serv-e/serv-sectors_e.htm [15]. Planningcommission.nic.in/data/datatable/planningcommission, Govt. of India. [16]. Statisticstime.com/economy/sectorwise-gdp-contribution-of-india.php [17]. Government of India (Various Issues), Economic Surveys, Ministry of Finance, New Delhi. [18]. Government of India (2009), Technical Note on Employment for the 11th Five Year Plan (2007-12), Planning Commission, New Delhi. [19]. Government of India, (Various Issues), National Accounts Statistical, Department of Statistics, Ministry of Statistics and Programme Implementation, Central Statistical Organistation. [20]. Government of India (2007-2012) Eleventh Five Year Plan, Planning Commission, New Delhi. [21]. World Bank data on GDP, Countries List 2016. [22]. Annual Report 2012-13. [23]. Annual Report 2013-14. [24]. Annual Report 2014-15. [25]. Annual Report 2015-16. [26]. Central Statistics Office- Industrial Statistics wing, Ministry of Statistics and Programme Implementation, Govt. of India. [27]. Hansda Sanjay Kumar (2002a), "Services Sector in the Indian Economy: A Status Report", RBI Staff Studies, Department of Economic Analysis and Policy, Reserve Bank of India, New Delhi. [28]. Economics Intelligence Services (2010), National Income Statistic, Centre for Monitoring Indian Economy Pvt. Ltd., Mumbai, July.
Abstract: India is a vast country. Indian economy is classified in three sectors: Agriculture and allied services, Industrial sector and Services sector. India is the 2nd fastest growing economy after China. India is the 3rd largest economy on the basis of Purchasing Power Parity (PPP) and India is the 7th largest economy as per nominal GDP. Services sector has become important for many economies in the world and very important particularly in India. The services sector forms a backbone of social and economic development of a region. It is a large and most dynamic part of the Indian economy both in terms of employment potential and contribution to national income. Growth of the services sector is also an important aspect of economic development and is strongly associated with income and economic modernization. Services sector contributed around 60.20 per cent of employment in 1961-65 and 68.35 per cent of employment in 2006-12. From 1961 to 2012 there has been increase in employment by 220.9 lakh. The present paper shows employment in public and private sector by industry, employment in public and private sector by sub-sector of services sector, annual compound growth rate (ACGR) of employment in public and private sector by industry, annual compound growth rate (ACGR) of employment in public and private sector by sub-sector of services sector. The study takes time period of 52 years i.e. from 1961 to 2012. This paper aims to show that services sector has a favorable effect on the growth of Indian economy. There has been increase in employment through services sector.

IJSSER is Member of