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India Services Sector on Track to Contribute US$ 3 Trillion to the Governments US$ 5 Trillion Target: CII

Capital Market 

The services sector has been the primary driver of growth of the Indian economy and has become fundamental to the nation achieving the US$ 5 trillion target that it has set for itself. The sector has come into its own over the last decade and plays a pivotal role in providing highly skilled and productive job opportunities. With the global economic slowdown weakening demand, there are certain challenges that need to be addressed. GES 2019 provides the necessary and appropriate platform for the convergence of ideas to reverse this slowdown and place India on track to achieve its targets.

Mr Kris Gopalakrishnan, Past President, CII and Chairman CII Start-up council and Co-Founder Infosys & Chairman Axilor Ventures stated the impact and the role that GES India has played in enhancing the services sector by creating positive conversations around the sector. He spoke on how technology has allowed Bangalore and the nation to transform, and the significant role it has played as a service enabler. This has propelled the sector to be the fundamental driver of the economy. He emphasized the diversity of data that is prevalent in the economy and the need for measures to be undertaken to leverage this advantage.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 28 2019. 10:33 IST