Tuesday, Sep 07, 2004
How is Indian industry faring?
C. P. Chandrasekhar Jayati Ghosh
A sharp rise in the services share in India's GDP, coming at a time when services exports are booming, has been used to argue that the country is on a new growth trajectory in keeping with global trends. But behind these figures, argue C. P. Chandrasekhar and Jayati Ghosh, is a disconcerting trend in manufacturing growth that official figures are not revealing in full. http://www.thehindubusinessline.com/2004/09/07/stories/2004090700080900.htm