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Tianyu Fan
Tianyu Fan is a Ph.D. student in Economics at Yale University. Previously, he received a Bachelors in Economics from Peking University (2018), a Bachelors in Law from China University of Political Science and Law (2018), and a Masters in economics from Yale University (2019). His research interests are in macroeconomics, international trade, and economic growth.
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India’s service-led economic growth
Structural transformation that involves a shift from agriculture straight to services, is a cause of concern to many scholars as an expanding service sector might be a pale substitute to technical progress in manufacturing as the main engine of growth. Analysing microdata from India for 1987-2011, this article shows that lack of pronounced industrialisation does not mean that growth is bound to fall. However, India’s service-led growth is strikingly pro-rich.
