Services trade: Centre preparing database to strengthen the sector

The government had unveiled big plans for the services sector last year

The Centre is banking on a new study on services trade to strengthen its hand in the ongoing trade negotiations as well as gather data to map the sector better.

For the first time, the commerce department has commissioned a study to measure the trade restrictiveness in services and create a database pinpointing the challenges faced by specific services industries. 

The government has increasingly pushed its services trade, with an aim to diversify exports at a time when merchandise trade has been repeatedly hit by global volatility. However, New Delhi’s plans to strike trade deals with other nations on services