Govt mulls a high-level group for service sec: PM
Prime Minister Manmohan Singh today said the government is considering to set up a high level group to make the service sector more competitive in the wake of emerging global opportunities.
By PTI |
NEW DELHI: Prime Minister Manmohan Singh today said the government is considering to set up a high level group to make the service sector more competitive in the wake of emerging global opportunities.
"Sectors that have not been exposed to sufficient competition, where regulatory framework is weak and have failed to make a big impact on the economy," Singh said while inaugurating the Exposition on Trade in Services.
The government was committed to sustaining the rapid growth of the service sector and the UPA coalition had its "job cut out", he said.
Prime Minister said services like Health, Legal, Higher Education and Tourism can have the same growth potential as IT "and in all these areas we have core competence that could be tapped successfully to boost exports."
"We are considering setting up a high level group in the planning commission to look into all aspects influencing the performance of the service sector and suggest policy measures to sustain its competitiveness in the coming years," he said.
The Commerce Ministry has already floated consultation papers for liberalising legal services and education.
"Sectors that have not been exposed to sufficient competition, where regulatory framework is weak and have failed to make a big impact on the economy," Singh said while inaugurating the Exposition on Trade in Services.
The government was committed to sustaining the rapid growth of the service sector and the UPA coalition had its "job cut out", he said.
Prime Minister said services like Health, Legal, Higher Education and Tourism can have the same growth potential as IT "and in all these areas we have core competence that could be tapped successfully to boost exports."
"We are considering setting up a high level group in the planning commission to look into all aspects influencing the performance of the service sector and suggest policy measures to sustain its competitiveness in the coming years," he said.
The Commerce Ministry has already floated consultation papers for liberalising legal services and education.
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