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Legally binding commitments on professional services under FTAs to unlock global markets for Indian professional services: Commerce Secretary Department of Commerce holds Chintan Shivir on "Expanding Global Horizons: Opportunities for Indian Professionals" Ways to utilise and assess the effectiveness of Mutual Recognition Agreements (MRAs) discussed Commerce Secretary, Shri Rajesh Agrawal, emphasised the importance of enhanced stakeholder coordination, reforms in the domestic ecosystem, and l
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FAQ :
The main goal is to unlock global markets for Indian professional services by securing legally binding commitments within Free Trade Agreements.
The theme of the 'Chintan Shivir' was 'Expanding Global Horizons: Opportunities for Indian Professionals'.
Services trade is crucial for India's economic growth and contributes significantly to domestic value addition compared to merchandise exports.
Professionals need to adopt global best practices and acquire upgraded skills aligned with evolving global market needs and technological developments, including AI.
MRAs are discussed for strengthening international mobility, with emphasis on assessing their effectiveness and making India's regulatory frameworks more 'recognition-ready'.
Discussions focused on future-proofing digital service delivery, mobility provisions, and domestic regulations, as well as the need for greater openness within India's professional services landscape.
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