NITI Aayog Professional Services Report: Four-Pronged Plan
Why in the news
NITI Aayog brought out the third report in its services series, examining how professional services are regulated in India (title: Insights on Regulatory Regime in Professional Services).
Key facts
- Publisher: NITI Aayog; 3rd Services Thematic report.
- Share of services exports: close to 25%.
- Focus: regulatory regime of professional services.
Four-pronged strategy
- Make use of emerging trends.
- Strengthen professional services within the wider value chain.
- Adopt global best practices.
- Promote continuous professional development.
Regulatory barriers
- Nationality and residency requirements.
- Licensing rules.
- Qualification requirements.
- Recognition of foreign qualifications.
Exam angle
- Report number in the series: third.
- Share of professional services in services exports: about one-fourth.
- Number of strategy prongs: four.