The report stated that while services made up more than half of national output, they consisted of less than a third of jobs, most of which are informal and pay less. (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed
India's services sector employs close to 30% of the nation's workforce. This was found to be lower than the global average of 50%, showing a slower structural transition, NITI Aayog said in a report on Tuesday.
The report, titled 'India's Services Sector: Insights from Employment Trends and State-Level Dynamics', also said that the services remain the centrepiece of India's employment growth and post-pandemic recovery, but still faced roadblocks.
"Services employment rose to 29.7% in 2023-24 compared to 26.9% in 2011-12 with 40 million jobs cre

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