The services sector in India has been driving economic growth for a long time now. There has been an overall deceleration in growth in agriculture and industry; the services sector, too, seems to be in the same boat. Some questions are being asked about this unusual phenomenon of trouble in the services sector. The competitive advantage the economy has in these areas should not be allowed to be eroded easily. It is imperative that the economy does not fall into the middle income trap where growth rates stop accelerating.

Source: The Telegraph June 13, 2019 04:07 UTC