Pivoting to enhance India’s services exports
It's time to focus on sectors like tourism in order to attract foreign consumers to India, given the uncertainty around IT services accessing foreign markets
India’s exceptional performance in exporting information technology (IT) services has been instrumental in its integration with the global economy. However, this growth story has been under threat in the wake of anti-globalization and protectionist measures in major destination markets. So far, India’s focus in trade negotiations has been mainly on temporary movement of professionals (mode 4) and outsourcing using telecommunication services (mode 1).