Alternate paths to economic development:a comparative analysis of Brazil and India in the era of neoliberalism

Abstract

[...] This capital intensive nature of structural change, while growth inducing, has been unsuccessful in absorbing the large pool of unskilled labour that exists in the countryside. Thus while the share of services accounted for 53 % of GDP in 2010, its share in total employment was a mere 26%. Agriculture on the other hand employed 55% of the labour force, but accounted for only 16 % of GDP in the same year.