{"id":35937,"date":"2018-11-01T12:34:20","date_gmt":"2018-11-01T07:04:20","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=35937"},"modified":"2018-11-01T12:34:20","modified_gmt":"2018-11-01T07:04:20","slug":"centre-seeks-inputs-on-trade-industrial-policies-services","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/centre-seeks-inputs-on-trade-industrial-policies-services\/","title":{"rendered":"Centre seeks inputs on trade, industrial policies, services:"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/centre-seeks-inputs-on-trade-industrial-policies-services\/article19382063.ece\"><span style=\"font-weight: 400;\">Centre seeks inputs on trade, industrial policies, services<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><\/p>\n<p><b>Academia has to do research in emerging areas: Sitharaman<\/b> <b>Context:<\/b> <span style=\"font-weight: 400;\">Commerce Minister Nirmala Sitharaman on Friday sought inputs from the academia on three topics \u2013Foreign Trade Policy (FTP) review, the proposed revamp of manufacturing and industrial policies and India\u2019s proposal at the World Trade Organisation (WTO) on services sector liberalisaton.<\/span> <b>Introduction:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The Centre is working on a new manufacturing and industrial policy to increase the contribution of the manufacturing sector in the country GDP to 25% by 2020 from the current level of about 16%.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The government is working on these new policies to align the current manufacturing polity of 2011 and the industrial policy of 2009 with the Fourth Industrial Revolution that includes AI, robotics and IoT.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The global Industrial Revolution 4.0 is happening, the country needs more research on this emerging area showing how Artificial Intelligence (AI), robotics, and Internet of Things(IoT) will impact India\u2019s manufacturing and services.<\/span><\/li>\n<\/ul>\n<p><b>Key points:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">India\u2019s new manufacturing and industrial policies will bring manufacturing and services closer to ensure an increase in the contribution of services to manufacturing.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">India is already a part of many global value chains<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The two new policies will aim to make India a global manufacturing hub in items including textile, pharmaceuticals and electronics.<\/span><\/li>\n<\/ul>\n<p><b>Trade Facilitation in Services (TFS) pact:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">India proposed Trade Facilitation in Services (TFS) Agreement at the WTO for easing norms, including on movement of foreign professionals and skilled workers across borders for short-term work<\/span><\/li>\n<\/ul>\n<p><b>Hurdles:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Many policy-level related challenges have retarded growth in the manufacturing sector in India.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">These challenges include, among other, difficult business environment, infrastructural constraints, including peak power deficit, labour market limitations including a surfeit of labour legislations and trade unionism as well as the difficulty in availing commercial bank credit particularly for small firms.<\/span><\/li>\n<\/ul>\n<p><b>Conclusion:<\/b> <span style=\"font-weight: 400;\">India needs to generate good quality manpower in large numbers at all stages of the knowledge pyramid if it has to become globally competitive in the manufacturing sector.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Centre seeks inputs on trade, industrial policies, services: Academia has to do research in emerging areas: Sitharaman Context: Commerce Minister Nirmala Sitharaman on Friday sought inputs from the academia on three topics \u2013Foreign Trade Policy (FTP) review, the proposed revamp of manufacturing and industrial policies and India\u2019s proposal at the World Trade Organisation (WTO) on&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/centre-seeks-inputs-on-trade-industrial-policies-services\/\">Continue reading <span class=\"screen-reader-text\">Centre seeks inputs on trade, industrial policies, services:<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-35937","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704536946},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=35937"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35937\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=35937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=35937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=35937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}