Can India become a manufacturing powerhouse too?

Abstract

India's growth during the last two decades has failed to transfer surplus labour away from the agriculture sector. Agriculture remains a disproportionate source of Indian employment-it is responsible for about 18 per cent of India's GDP but employs about 60 per cent of the Indian labour force. This over-concentration on agriculture is unsustainable, and is closely related to idiosyncrasies in India's pattern of growth. Show more