India Now - page 24

COVE R S TORY
S E R V I C E S E X P O R T S
22
APRIL-MAY 2015
|
Amitabh Kant
, Secretary to Government of India,
Ministry of Commerce and Industry, Department of Industrial
Policy and Promotion, on the government’s roadmap for
services sector to achieve its potential.
2001–2013). However, the
share of India’s services sec-
tor in the global services trade
is only 3 per cent as compared
to 4.6 cent of China. India’s
services sector has always
served the country’s economy
well, accounting for 52.7 per
cent of India’s Gross Value
Added (GVA) at basic prices
(current prices) in 2014-15.
The services trade surplus as
a percentage of GDP stands at
3.9 per cent in 2013-14, mainly
owing to growth in exports
(receipts) of computer, infor-
mation, and telecommunica-
tions, and other businesses
services.
DIPP is the nodal Depart-
ment for the
Make in India
programme. The aim of the
programme is to develop
India as a manufacturing
hub. The growth of manufac-
turing sector is interlinked to
the development of services
sector. We have recognised
this symbiotic relationship of
infrastructure, services and
skills with the manufactur-
ing sector in conceptualising
the
Make in India
initiative. It
is evident from the fact that
twenty-five sectors identi-
fied as thrust sectors for
Make in India
span across
manufacturing, ser vices
and infrastructure.
Make in
India is global No.2 in
terms of services sec-
tor growth. What is DIPP’s
roadmap for India to achieve
the No.1 slot?
India ranks 11th in the world
in terms of services GDP
(2013) among the top 15 coun-
tries in terms of GDP. It has
the second fastest growing
services sector @8.7 per cent,
just below China’s 10.7 per
cent (based on CAGR during
“The growth of
manufacturing sector
is interlinked to the
development of services
sector.We have recognised
this symbiotic relationship...
in conceptualising the
Make in India
initiative”
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