Improper Structural Transformation & Stagnant Manufacturing in Post-Independence India: The Role of Agriculture and Inter-Sectoral Linkages
India is witnessing an unconventional pattern of structural change – involving a shift to services-dominated economy at lower income per-capita than early industrialisers. Despite significant policy rhetoric on industrialisation, the sector’s share in both value-added and employment has stagnated remarkably. The reform period saw a services-led growth with growing agrarian distress. Therefore, thi
