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Full Description
Services sector is the largest contributor to India's gross domestic product (GDP) and GDP growth. The share of services in international trade, foreign investment inflows and employment has increased over time. The share of India's trade in services in its total trade is higher than the global average. Despite the growing importance of services sector to the Indian economy, the country does not have a robust institutional mechanism for collecting information on international trade in services. Non-availability of accurate database is a major hindrance towards framing appropriate policy for promoting services sector exports.
In this context, the Directorate General of Commercial Intelligence and Statistics (DGCI&S), which has been mandated to develop a comprehensive database on India's trade in services, engaged the Indian Council for Research on International Economic Relations (ICRIER), to conduct pilot surveys of four services sectors namely: audiovisual, logistics, professional and telecommunications services; examine the institutional and regulatory framework of trade in services data collection in select countries and make policy recommendations. The findings of the pilot surveys along with the issues faced and the way forward are presented in this report. This report will provide the policymakers a roadmap to develop a robust institutional and regulatory framework for data collection on trade in services, learning from the global best practices. The report will help businesses to understand the country's strengths in export of services and the key export markets. It will provide academics and sector experts a detailed analysis of trade in select services sector.
Contents
List of Tables, Figures and Boxes
List of Abbreviations
Foreword
Acknowledgement
Executive Summary
Introduction
1. Overview of Global and India's Trade in Services
1.1 India's Trade in Services
2. Services Sector Classification
2.1 Classification and Collection of Services Trade Data:
Experiences of Select Countries
3. Collection of Data on Trade in Services: India
3.1 The Existing Procedure of Data Collection
3.2 Why Should India have a Robust System for
the Collection of Services Trade Data?
3.3 How is India Setting Up the Process of a Robust Data Collection?
4. Setting the Framework for the Survey
4.1 Creation of a Business Directory
4.2 Designing the Survey
5. The Pilot Survey
6. Audiovisual Services
6.1 Global Trade in Audiovisual Services
6.2 Audiovisual Services Sector in India
6.3 India's Trade in Audiovisual Services
6.4 The Pilot Survey of Audiovisual Services
7. Logistics Services Sector
7.1 Global Logistics Market
7.2 Logistics Market in India
7.3 India's Trade in Logistics Services
7.4 The Pilot Survey of Logistics Services
8. Professional Services
8.1 Global Trade in Professional Services
8.2 Professional Services Sector in India
8.3 India's Trade in Professional Services
8.4 The Pilot Survey on Professional Services
9. Telecommunication Services
9.1 Global Telecommunications Market
9.2 Telecommunication Services Sector in India
9.3 India's Trade in Telecommunication Services
9.4 The Data Collection Process and Our Survey
9.5 The Pilot Survey of Telecommunication Services
10. Issues
10.1 Creation of Business Directory
10.2 Regarding the Questionnaire
10.3 Launch of the Survey
10.4 Issues with Responses
10.5 Sector-specific Issues
11. The Way Forward
11.1 Business Directory
11.2 The Survey and Questionnaire
11.3 The Regulatory Framework for Services Data Collection
References
Appendices
