A services-led export strategy holds appeal but only up to a certain point
Indian policy can’t afford to focus on service exports at the cost of our current employment-oriented manufacturing thrust. Recent arguments for focusing on high-value services seem far-fetched in their expectation that such exports would act as a growth engine.
Indian policy can’t afford to focus on service exports at the cost of our current employment-oriented manufacturing thrust. Recent arguments for focusing on high-value services seem far-fetched in their expectation that such exports would act as a growth engine.