The economies that focused on strengthening their manufacturing sector, post World War II, have prospered and became global economic superpower to reckon. However, in India, the manufacturing sector has been a laggard compared to the fast and racy service sector. As a result, the service sector’s contribution to the economy is 56.4 per cent compared to manufacturing sector’s 26.4 per cent. Only some patches of growth trajectory experienced by the manufacturing sector even if impressive and optimistic is never enough to catch up with the service sector in terms of employment generation and human capital exploiter.
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