Economy, asked by khoyugeoegegeorge, 9 months ago

explain the varaition in sectoral compositions across the state in India

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Answered by Anonymous

$<!DOCTYPE html><html><head><style>#grad1 {height: 300px;background-color: red; /* For browsers that do not support gradients */background-image: linear-gradient(to right, blue ,red,yellow,orange); /* Standard syntax (must be last) */}</style></head><body><div id="grad1" style="text-align:center;margin:auto;color:#000000;font-size:20px;font-weight:bold">Ideas For IndiaIdeas For India TCG-logoTopicsdropdown SearchMacroeconomicsService sector growth and convergence across Indian statesBlog Post Date 17 February, 2014Twitter Share Facebook Share Print Page Email ThisAuthor ImageAnirudh ShingalICRIERanirudh.shingal@gmail.comIndia’s success story in the services sector is well documented at the national level. However, similar literature does not exist for India’s states. This column seeks to bridge this gap by looking at India’s services growth at the sub-national level over 1980-2006. Contrary to existing literature, it suggests that services growth in India may be able to reduce income disparities across states in the long run.Services have emerged as the largest and fastest-growing sector globally in the last two decades. In line with this global trend, the services sector in India has also witnessed rapid growth, especially since the 1990s. In fact, this growth has now led to India becoming an ‘outlier’ in terms of its services sector performance in the years since the turn of this century. Services contributed 52.6% of the country’s Gross Domestic Product (GDP) in 2006, which is higher than the share for countries at a comparable level of per capita income as India.</div></body></html>$

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explain the varaition in sectoral compositions across the state in India