×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 25 March, 2021

  • 10 Min Read

Champion Services Sectors

Champion Services Sectors

  • Champion Services Sectors refers to the 12 identified sectors where the Government wants to give focused attention to promoting their development and realizing their potential.
  • These include
    1. Information Technology & Information Technology enabled Services (IT& ITeS),
    2. Tourism and Hospitality Services,
    3. Medical Value Travel,
    4. Transport and Logistics Services,
    5. Accounting and Finance Services,
    6. Audio Visual Services,
    7. Legal Services,
    8. Communication Services,
    9. Construction and Related Engineering Services,
    10. Environmental Services,
    11. Financial Services and
    12. Education Services.
  • A dedicated fund of Rs. 5000 crores has been proposed to be established to support initiatives for sectoral Action Plans of the Champion Sectors.

Background

  • The Group of Secretaries in their recommendations to the Prime Minister had identified ten Champion Sectors, including seven (7) manufacturing-related sectors and three (3) services sectors, for promoting their development and achieving their potential.
  • It was subsequently decided that the Department of Industrial Policy and Promotion (DIPP), the nodal department for 'Make in India', would spearhead the initiative for the Champion Sectors in manufacturing and Department of Commerce would coordinate the proposed initiative for the Champion Sectors in Services.
  • Accordingly, Department of Commerce, with wide stakeholder consultation coordinated the preparation of draft initial sectoral reform plans for several services sectors and, subsequently the action plan.

Rationale and Objective

  • The idea was launched and accepted on 28 February 2018.
  • This initiative is expected to enhance the competitiveness of India's service sectors thereby creating more jobs in India, contributing to a higher GDP and export of services to global markets.

Targets

  • The share of India's services sector in global services exports was 3.3% in 2015.
  • Based on this initiative, a goal of 4.2% has been envisaged for 2022.
  • The share of services in Gross Value Added (GVA) was about 53% for India in 2015-16 (61% including construction services).
  • This initiative is expected to raise the share of services in GVA to 60% (67% including construction services) by the year 2022.

Champion Services Sector Scheme

  • It is a Central Sector Scheme of the Department of Commerce.
  • The main objectives of the Champion Services Sector Scheme are as follows:
    1. Sectoral and cross-cutting issues including domestic regulatory reforms, skill development, data protection regime etc.
    2. New initiatives to prevent India’s service sector from losing its competitive position in the global market.
    3. Increased productivity and competitiveness of the Champion Service Sectors will enhance services gross value added contributed by domestic services sectors.
    4. It will boost India’s service sector’s exports.
    5. Skill training and Employment creation.
  • Under the Champion Services Sector Scheme (CSSS) a total amount of Rs.3369.75 Cr for 3-5 years (2019-20 to 2023-24) has been approved by the Expenditure Finance Committee based on the proposals submitted by the concerned Ministry/Department, details of which are at Annexure.
  • As per the guidelines of the Scheme, there is a three-tier monitoring mechanism, namely
    1. the concerned Ministry/Department,
    2. the Department of Commerce and
    3. the Committee of Secretaries chaired by the Cabinet Secretary

Following is the structure of the Umbrella scheme:

Source: PIB


Critically Important Antimicrobials (CIA)

The findings of a new survey by the National Centre for Disease Control (NCDC) underscored the need for properly monitoring critically important antimicrobials to mitigate AMR. CIAs – They represent a class of antimicrobials. Categorised by – World Health Organisation (WHO). 3 groups – Based on thei

Pong dam

Recently the draft policy was prepared to declare Pong Dam Wildlife Sanctuary and the surrounding area an eco-sensitive zone. It is the highest earth-fill dam in India and is one of India’s largest man-made reservoir. Built in – 1975, named after Maharana Pratap and so called as Maharana Pratap Sagar.

TM Module-2 in ICD-11

Recently ICD-11 was launched with the inclusion of Traditional Medicine Module 2. ICD-11 – International Classification of Diseases 11th Revision, the global standard for diagnostic health information. Launched by – World Health Organisation (WHO). Prepared by – WHO in collaboration with Mi

World Employment and Social Outlook Report 2023

Released by- International Labour Organisation Publication- Annually Theme- The value of essential work. About- It details the impact of economic slowdown on the global labour market. 2023 report- It calls for a revaluation of the work of key workers to reflect their social contribution and greater investment in

First Advanced Estimate (FEA) of GDP & GDP CALCULATION

Recently, the 1st Advance Estimates (FAEs) released by the government showed that India’s GDP will grow by 7.3% in the current financial year (2023-24), slightly faster than the 7.2% growth in 2022-23. What is GDP? Gross Domestic Product – GDP is defined as total market value of all final goods and services in

DNA

01 Feb,2024

Toppers

Search By Date

Post Feed

Newsletter Subscription
SMS Alerts

Important Links