Considering the recommendations of the Group of Secretaries to the Prime Minister, the Union Cabinet has given its nod to the proposal of Ministry of Commerce and Industry to give centralised attention to 12 identified Champion Service Sectors.
These 12 Champion Service Sectors are
- Information Technology & Information Technology
- Tourism and Hospitality Services
- Medical Value Travel
- Transport and Logistics Services
- Finance Services
- Audio Visual Services
- Legal Services
- Communication Services
- Construction and Related Engineering Services
- Environmental Services
- Financial Services and Education Services.
Union Cabinet has directed the Department of Commerce to focus on these sectors for promoting their development, and realising their potential. For this purpose, a dedicated fund of Rs. 5000 crores has been proposed to support initiatives for sectoral Action Plans of the Champion Sectors.
Background
- The Group of Secretaries, in its recommendations, identified ten Champion Sectors and suggested the PM for the development of these sectors. These sectors include 7 manufacturing related sectors while the three were services sectors.
- The Union Cabinet keeping in view the recommendations, assigned Department of Industrial Policy and Promotion (DIPP) the task to enforce the initiative for Champion Sectors in manufacturing. Notably, DIPP is the nodal department for "Make in India" initiative.
- Department of Commerce is assigned to coordinate the proposed initiative for the Champion Sectors in Services. The Department of Commerce then prepared a draft of of draft initial sectoral reform plan after consulting the wide stakeholders.
Benefits
- Enhanced competitiveness of India's service sector
- Increase in GDP
- More Employment
- Promotion of exports in Global Market
- Increased Productivity
- Service Sector Export to rise 4.2% by 2022
- Share of services in Gross Value Added of 60 % by 2022
Expected Questions
How many sectors are included in Champion Sectors?
a. 15
b. 10
c. 12
d. 11
Which of the following is not included in the 12 champion sectors identified by Union Cabinet of India?
a. Health
b. Education
c. Tourism
d. Mining
Which of the following is considered as the nodal agency of "Make in India" initiative?
a. Department of Commerce
b. Department of Industrial Policy and Promotion
c. Department of Corporate Affairs
d. Other than the above
Which of the following ministries has been assigned to give centralised attention to 12 identified Champion Service Sectors?
a. Ministry of Commerce and Industry
b. Ministry of Finance
c. Ministry of Statistics and Programme Implementation
d. Ministry of Health & Family Welfare
a. 15
b. 10
c. 12
d. 11
Which of the following is not included in the 12 champion sectors identified by Union Cabinet of India?
a. Health
b. Education
c. Tourism
d. Mining
Which of the following is considered as the nodal agency of "Make in India" initiative?
a. Department of Commerce
b. Department of Industrial Policy and Promotion
c. Department of Corporate Affairs
d. Other than the above
Which of the following ministries has been assigned to give centralised attention to 12 identified Champion Service Sectors?
a. Ministry of Commerce and Industry
b. Ministry of Finance
c. Ministry of Statistics and Programme Implementation
d. Ministry of Health & Family Welfare
