Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu was speaking at the 2nd Services Excellence Awards and Summit – 2018 organised by ASSOCHAM stated that services sector is set to become a dominant driver of the Indian economy and will contribute $ 3 trillion of $ 5 trillion by 2025. In order to give a boost to the services sector Commerce Ministry has identified 12 champion services sectors for which Cabinet has approved a dedicated fund of ₹ 5000 crore to support initiatives for sectoral action.
Despite increasing global protectionism, India’s export will continue to register healthy growth rates and is expected to touch USD 350 billion in the current fiscal said Minister.
