DNA ( 01 March ) carries following news :
The government has identified
12 service sectors for promoting their development and realising their
potential for job creation and GDP generation. It has also decided on an
investment of Rs 5,000 crore in the identified sectors to develop them.
Cabinet approved the proposal
by the Department of Commerce on Wednesday to give attention to the 12 areas
being termed as champion services sectors. This move is aimed at generating
50-75 lakh jobs by the year 2022.
These sectors are Information
Technology & Information Technology enabled Services (IT & ITeS),
Tourism and Hospitality Services, Medical Value Travel, Transport and Logistics
Services, Accounting and Finance Services, Audio Visual Services, Legal
Services, Communication Services, Construction and Related Engineering
Services, Environmental Services, Financial Services, and Education Services.
"Services sectors in
India has immense employment potential. The proposal will enhance the
competitiveness of India's services sectors through the implementation of
focused and monitored action plans, thereby creating more jobs, contributing to
a higher GDP and services export to global markets," IT and Law Minister
Ravi Shankar Prasad said during the Cabinet briefing on Wednesday.
The share of India's services
sector in global services exports was 3.3 per cent in 2015 as compared to 3.1
per cent in 2014. Based on this initiative, the goal is to achieve 4.2 per cent
exports by 2022. The action plan has been considered keeping the GDP goals in
mind.
The Cabinet has directed
concerned ministries / departments to draft action plans and implement them in
the days to come.
"A dedicated fund of Rs
5,000 crore has been proposed to be established to support initiatives for
sectoral action plans of the Champion Sectors," a PIB statement said.
MY TAKE :
First :
This recognition ( though somewhat , belated ) of the
importance of “ Service Sectors “ in creation of jobs ( - really speaking ,
self employment ) , is welcome
Next :
Whereas allocation of funds do help in long term , what
would kick-start this frenzy of “ Self Employment “ in SERVICE SECTOR , would
be to liberate them from a plethora of regulations
Remember , a self employed just wants to find a 60 sq
ft work-space ( on foot-path or in his own zopad-patti / dilapidated shack ),
to set up shop ( to shave or to sell Pan-Beedi ) and get going , without having
to fill up a form and find some government office , to apply for permissions !
How ?
Please go through my
following suggestions :
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30 April 2018
www.hemenparekh.in
/ blogs
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