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July 18, 2017

Competitive Guidance : Indian Economy

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What is services sector ?
The services sector is not only the dominant sector in India's GDP, but has also attracted significant foreign investment flows, contributed significantly to exports as well as provided large-scale employment. India's services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.

What is the market size of the Services sector in India ?
The services sector is the key driver of India's economic growth. The sector contributed around 66.1 percent of its Gross Value Added growth in 2015-16, thereby becoming an important net foreign exchange earner and the most attractive sector for FDI (Foreign Direct Investment) inflows.

What is the level of Foreign Investments in the Services Sector in India ?
The Indian services sector which includes financial, banking, insurance, non-financial/business, outsourcing, research and development, courier and technical test analysis, has attracted the highest amount of FDI equity inflows in the period April 2000-2016 December, amounting to about US $ 58.345 billion which is about 17.99 per cent of the total foreign inflows, according to the Department of Industrial Policy and Promotion (DIPP).

What is TFA ?
Trade Facilitation Agreement for the smooth movement of professionals.

What is Government Services Portal ?
It is the initiative under India Portal Project, to enable a single window access to services being provided by the various Indian Government entities.

What is e-tourist visa ?
A new initiative by the Ministry of Tourism to provide online visa facility for the nationals of 76 countries.

What are the Mobile applications launched for the benefit of tourists ?
Incredible India app and Toll free helpline 1363.

Where is the culinary institute setup in Andhra Pradesh by the Tourism Ministry ?

What is IITTM ?
Indian Institute of Tourism and Travel Management, located in Gwalior.

What is IISM ?
Indian Institute of Skiing and Mountaineering, located in ,Gulmarg, J&K.

What is the Tele density in India ?
According to latest TRAI report, Teledensity (defined as the number of telephone connections for every 100 individuals) in India, increased from 17.9 in FY07 to 92.59 in FY17. With a subscriber base of nearly 1185.55 million, as of February 2017, India accounted for the 2nd largest telecom network in the world. As of February 2017, urban teledensity stood at 66.77 percent and rural tele-density at 55.92 per cent.

What is Green Telecom ?
The green telecom concept is aimed at reducing carbon footprint of the telecom industry through lower energy consumption.

How many Major Ports are there in India now ?
There are 12 major ports in India now according to Ministry of Shipping (6 on the Eastern and 6 on the Western Coast of India). India has 200 non-major ports now.

What is Landlord Port Model ?
To promote private investments, the government has reformed the organisational model of seaports
From : A 'service port' model where the port authority offers all the services.
To: A 'landlord port' model where the port authority acts as a regulator & landlord while port operations are carried out by private companies. 
Major ports following 'landlord port' model: JNPT, Chennai, Visakhapatnam & Tuticorin.

Which port is the cleanest port in India ?
The Haldia Port of West Bengal was rated as the cleanest port among all the major ports in the 1st ever ranking by the Ministry of Shipping.

What is the largest private port in India ?
Adani Port (Mundra port)

Shared by Shravan Varma Gadhiraju
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