About the Book: Changing Pattern and Quality of Employment: Impact of Income
Inequality and Social Change
The growth process has undoubtedly brought about significant changes in the
structure of the Indian economy. Defying somewhat the conventional paradigm of
development, the share of services had touched 51 per cent of GDP at a
relatively early stage of development. However, the employment shift had lagged
behind shift in output. The share of services in employment has been only around
22-25 per cent. The last decade had thus seen a decline in the aggregate
sectoral employment elasticities. This is in part a reflection of increased
productivity. In aggregate, the growth rate