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How has the Indian economy's structure changed in the last decade?

While share of agriculture in the economy has shrunk, that hasn’t led to an increase of share for manufacturing. The big beneficiary has been the ‘financial services, real estate and professional services’ sector 

September 04, 2023 / 08:16 AM IST
How has the Indian economy's structure changed in the last decade?

The clear beneficiary of the changes in the structure of GVA in the last 12 years has been the ‘financial services, real estate and professional services’ sector

GDP data for the June 2023 quarter shows the economy is growing strongly. That is great, but are we seeing any fundamental transformation of the economy? For instance, is it still the same services-led growth, or has the share of manufacturing gone up as a result of the Make in India initiative? Has the emphasis on capital expenditure led to a rise in the share of construction in the economy? Most of the jobs for the masses

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