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‘Centre planning strategy to boost services exports’
Context
The government is formulating a new strategy to boost services exports by identifying new markets such as Latin America as well as services, including healthcare and financial services, which have tremendous potential in terms of exports and job creation, according to Commerce Minister Suresh Prabhu.
Backdrop
The Services Conclave, organised by CII in cooperation with the Commerce Ministry and Services Export Promotion Council
Healthcare among sectors with huge job potential: Prabhu
- With manufacturing becoming increasingly automated, services would contribute more to employment generation
- The Commerce Ministry, along with the EXIM Bank, was working on a strategy to define each market along with the kind of products that could be exported.
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