The service sector has the potential to be the largest job creators in the country and over the next five years and to contribute US$ 3 trillion out of the US$ 5 trillion GDP target set by the government, said Mr. Goyal.
He was present at the inauguration of the fifth Global Exhibition on Services-2019 at the Palace Grounds, he added that the manufacturing and services industry act as the growth engines of the Indian economy.
According to Mr. Goyal, India requires to move beyond Business Process Outsourcing and work towards adopting new age technologies such as artificial intelligence, block chain, machine learning and participate with the rest of the world on equal terms.
The three-day event has been organised by the Ministry of Commerce and Industries, Karnataka government, Services Export Promotion Council and the Confederation of Indian Industry.
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