Champion Services Sectors refers to the 12 identified sectors where the Government wants to give focused attention for promoting their development, and realizing their potential.
- It is a Central Sector, umbrella scheme of Department of Commerce for the period 2019-20 to 2023-24.
- Address sectoral and cross cutting issues including regulatory reforms, service standards, data protection etc.
- Promote innovation to enhance competitiveness and productivity
- Boost services exports across broad range of services
- Skill training and employment creation
- These include 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.
- Ministries/Departments concerned with these sectors have been directed to finalize and implement the Action Plans for the identified Champion Services Sectors which in effect would be their sectoral schemes operating under the umbrella scheme CSSS.
- The respective line Ministries/Departments will also finalize a monitoring mechanism to monitor implementation under the overall guidance of the Committee of Secretaries (CoS) under Cabinet Secretary.
- A dedicated fund of Rs. 5000 crores has been proposed to be established to support initiatives for sectoral Action Plans of the Champion Sectors.
- Services sector in India has immense employment potential. The proposal will enhance the competitiveness of India’s service sectors through the implementation of focused and monitored Action Plans, thereby creating more jobs in India, contributing to a higher GDP and exports of services to global markets.
- As the Services sector contributes significantly to India’s GDP, exports and job creation, increased productivity and competitiveness of the Champion Services Sectors will further boost exports of various services from India. Embedded services are substantial part of ‘Goods’ as well. Thus, competitive services sector will add to the competitiveness of the manufacturing sector as well.
- The Action Plans to be prepared and implemented by the Ministries/Departments concerned shall develop a vision for each of these identified Champion Sectors in the year 2022 and enumerate steps that need to be taken to achieve that vision.
- The share of India’s services sector in global services exports was 3.3% in 2015 compared to 3.1% in 2014. 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 5 3% for India in 2015-16 (61 % including construction services). A goal of achieving a share of services in GVA of 60 % (67% including construction services) has also been envisaged by the year 2022.