Plan panel group to frame policies for service sector growth
05 Oct 2006
Mumbai: The government is planning to set up a high-level group to suggest ways of making the service sector more competitive in the wake of emerging global opportunities, prime minister Manmohan Singh said while inaugurating the exposition on trade in services.
"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 government, he said, was committed to sustaining the rapid growth of the service sector, adding that services like health, legal, higher education and tourism can have the same growth potential as IT. We have core competencies in all these areas and that could be tapped successfully to boost exports, he said.
"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," he said.
.jpg "RBI keeps repo rate unchanged as focus remains on inflation")
.jpg "Indian Oil, Panasonic team up for lithium-ion cell production in India")
