Category: Services
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India’s Services Sector Surges to a 15-Year High: What It Means for the Economy
India’s services sector has reached a milestone—hitting its highest level of activity in the last 15 years. According to a recent survey, robust new orders, strong export performance, and rising business confidence are fueling this growth momentum. For an economy like India, where services account for more than 50% of…
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India’s IT Services Revolution
India’s remarkable success in the IT services industry is a testament to how minimal government intervention can create an environment conducive to growth. This trajectory, however, was not a result of deliberate planning but rather an outcome of adaptive policy-making and favorable circumstances. The evolution of India’s IT services sector…
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Indian Economy: Prioritizing Services Over Manufacturing
India’s aspiration to become a $10 trillion economy has long captured the national imagination, symbolizing both ambition and the challenges of transforming a rapidly developing nation. First articulated in the 2019-20 interim budget under the Modi government, this vision painted a picture of a thriving, industrialized India. However, the reality…
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How Artificial Intelligence Can Shape a Better Workforce in the Services and Manufacturing Sectors
In the era of rapid technological advancements, artificial intelligence (AI) is not just a futuristic concept but an essential part of global economies. AI’s potential to enhance productivity, streamline operations, and drive innovation is unparalleled, especially within the services and manufacturing sectors. By reimagining the traditional workplace, AI is revolutionizing…
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Service-Led Growth Strategy: A Pathway for Developing Countries?
In recent decades, many developing countries have begun to explore a service-led growth strategy. Unlike traditional models that focus heavily on manufacturing and agriculture, service-led growth places emphasis on sectors like information technology, finance, tourism, and healthcare. This approach offers compelling opportunities for economic transformation, but it also raises questions…
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De-Globalization of Capital Markets: The Rise of Independent Financial Powers
De-Globalization of Capital Markets: The Rise of Independent Financial Powers In the rapidly shifting landscape of international finance, a notable trend has emerged—what can only be described as the “de-globalization” of capital markets. The world’s major economies, once closely interlinked by the ebb and flow of capital across borders, are…
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Navigating the Depths of China’s Debt Trap Diplomacy
In recent years, China’s debt trap diplomacy has reverberated across the globe, raising alarms about the economic vulnerabilities and sovereignty risks faced by countries falling into this trap. As India’s neighboring countries grapple with mounting debt burdens linked to Chinese loans, the case of Maldives stands out as a poignant…
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WTO: A Tale of Challenges and Unresolved Issues
Introduction The recent WTO negotiations held in Abu Dhabi were eagerly anticipated as a platform for major reforms in global trade policies. However, despite prolonged talks, negotiators were unable to reach agreements on significant aspects of trade, including e-commerce, dispute settlement, and agricultural policies. This critical article will delve into…
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The Future of Global Trade: WTO’s 13th Ministerial Conference
Introduction:The World Trade Organization’s (WTO) 13th Ministerial Conference (MC13) is set against the backdrop of a challenging geopolitical and economic environment, characterized by rising trade tensions and concerns over food security. As one of the largest and fastest-growing economies, India has a crucial role to play in shaping the outcomes…
"Connecting communities, empowering nations: Unifying the Regional and Global Economy ." 