economy
‘Low-Wage Trap’ Looms Over India’s Services Sector, Industrial Growth Flat, Says NITI Aayog
A NITI Aayog study found that the industrial sector’s share in Gross Value Added (GVA) has stayed virtually flat, between 28% and 29% since 2011–12, standing at 28.8% in 2023–24.The Wire Staff Oct 29 2025