President Pranab Mukherjee inaugurates GES 2016
President Pranab Mukherjee along with Hon'ble Governor, Uttar Pradesh. Shri Ram Naik, Commerce and industry minister Nirmala Sitharaman and Union telecom minister Ravi Shankar Prasad at the inauguration of the 2nd edition of Global Exhibition on Services-2016 at India Expo Centre & Mart, Greater Noida on Wednesday.
Ministry of Commerce-CII-SEPC to host Global Exhibition on Services
In the global context the importance of the Services sector cannot be emphasized more. It contributes more to the global output and employs more people than any other sector - globally, services contribute almost one-third of world gross value added, half of world employment, one-fifth of global trade and more than half of the world foreign direct investment flows. The services sector has thus emerged as the most dynamic sector of the world economy.
Visa, labour mobility curbs to figure during GES April meet
The government will utilise the upcoming Global Exhibition on Services (GES) to garner support for India's proposal for a Trade Facilitation Agreement (TFA) on Services that it wants to be taken up for negotiations at the World Trade Organisation (WTO)-level.
World takes note as India emerges strong in R&D sector
Research and development (R&D) is crucial to the holistic development of every country as innovation is the foremost principle of this sector. From telecom to pharmaceutical and even agriculture, R&D is crucial if a country wants to boost internal growth as well as compete in the international market to increase investment.
Services sector to get a shot in the arm this Budget: Govt
NEW DELHI: With a focus on enhancing the contribution from the services sector, which accounts for over 50 per cent in the country’s GDP growth, the government is planning to give incentives to the sector in the upcoming foreign trade policy and Budget.