Tertiary Sector and Net Material Product-Indian Economy, 1950-51 to 1983-84

Indian Economy, 1950-51 to 1983-84 Madhusudan Datta This paper argues that there has been no significant difference between the rates of growth of NMP and NDP for the Indian economy. This has been so in spite of the rapid growth of the tertiary sector. In this context the paper briefly analyses the implications of the rapid growth of distributive trade and transport services for NMP. The author also takes a quick look at the growth of the services rendered by 'Public Administration and Defence', which are excluded from NMP.