India is formulating standards for the services sector so that the country can have high quality of services to offer to the rest of the world, Commerce and Industry Minister Piyush Goyal said on Saturday. He said that India is rapidly progressing across sectors such as healthcare, home delivery, telecom and technology. India is also rapidly progressing to become one of the world’s largest digital markets, be it fintech, edtech and telemedicines,” the minister said at IACC-NIC’s second Indo-US Services Summit.
On legal services, he said Indian lawyers were ‘top class’ and have ‘huge opportunities’ opening up for them across the globe. Services exports from India, which were $17 billion in 2001-02, jumped to $205 billion in 2020-21.
“India is also rapidly progressing to become one of the world’s largest digital markets, be it fintech, edutech or telemedicine,” he added.