India and the Services Sector

(Penguin Petit)

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As a country of one billion, we should gear ourselves to take up opportunities offered by the services sector in our march towards an India where every Indian will have wealth and well-being.’

The services sector has come to be considered a major part of the economy. Modern agriculture, with its improved inputs and greater mechanization, has led to decreased agricultural employment and migration of farm workers to urban areas in search of better living standards. There is, as in the developed world, a search for new employment, namely, for a shift to a sector loosely defined as the services sector.

Although a country like India cannot afford to build its future on this sector alone, it can be and will be a major component of the economy—if only to find and create new jobs and individual prosperity for the people.

In India and the Services Sector, A.P.J. Abdul Kalam and Y.S. Rajan discuss the potential of developing the services sector and how much it can benefit the country in the long run.