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Indian government pushing reforms to boost trade in services

( September 27, 2016, 04:23 GMT | Insight) -- The Indian government is pushing domestic reforms to boost the shrinking trade surplus in services, and formulating an overarching strategy to enhance earnings in key sectors such as leisure travel, technology and medical tourism, the Economic Times of India reports.The Indian government is pushing domestic reforms to boost the shrinking trade surplus in services, and formulating an overarching strategy to enhance earnings in key sectors such as leisure travel, technology and medical tourism, the Economic Times of India reports. The commerce department proposed that a dedicated body be established to set services standards and also proposed liberalization of visa rules to facilitate services exports. The government will also build a database of disaggregated sector-wide data on trade in services as the sector is not tracked very well statistically, despite accounting for almost 58 percent of India’s GDP in 2010-11.   ...

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