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Table 2: Sub-sector-wise average labour productivity growth in services (log changes, %), 1993–2023
Sector 1993-03 2004-07 2009-2019 2022-23
Trade 4.4 5.8 5.7 7.2
Hotels and Restaurants 4.5 6.8 3.8 35.5
Transport and Storage 2.5 6.4 3.2 6.7
Post and Telecommunication 9.3 6.3 8.1 15.0
Financial Services 5.4 4.3 1.5 8.2
Business Service 5.2 3.3 2.5 6.4
Public Administration and Defense; Compulsory Social Security 6.0 6.7 5.5 6.2
Education 3.1 1.2 6.2 5.2
Health and Social Work 3.6 6.7 3.8 6.6
Other services 0.7 1.4 3.1 -1.9
Source: Authors’ calculations using India KLEMS 2023
Table 3: Sector-wise average total factor productivity (TFP) growth (%, log changes), 1993–2023
Sector 1993-03 2004-07 2009-2019 2022-23
Agriculture & Allied Activities 0.6 1.5 1.6 1.1
Mining and Quarrying 2.8 -5.5 -2.5 -1.2
Manufacturing -0.4 1.6 0.8 -6.0
Electricity, Gas and Water Supply 2.0 2.3 -0.3 8.1
Construction -0.8 0.9 -1.4 3.3
Services 1.7 0.8 0.8 4.2

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