- #INVISIBLE CONTRACTS SOFTWARE#
- #INVISIBLE CONTRACTS PROFESSIONAL#
Chapter 22 Organisations Supporting Exporters. Chapter 16 Inspection Certificates And Quality Control. Chapter 15 Packaging And Labeling Of Goods. Chapter 12 Understanding Foreign Exchange Rates. Chapter 3 Identifying Products For Export. The major weaknesses of Indian invisible trade or invisible export include low quality assurance, low local presence overseas, low equity base, lack of market intelligence and low level of R&D. #INVISIBLE CONTRACTS PROFESSIONAL#
The major strengths of Indian invisible export or invisible trade include professional competence, low cost structure, diverse capabilities, high adaptability and quick learning capability of Indian consultants. Strengths and Weaknesses of Indian Consulting Industry However due to lack of clarity in the provisions in the present notification, consultancy export may be affected. Government also provides exemption on service tax for export of consultancy services. Government of India has also introduced Market Development Assistance (MDA), Market Access Initiative (MAI) scheme, proactive EXIM Policy and EXIM Bank schemes. The Foreign Trade Policy, 2004 – 09 is one of them, which has announced the setting up of Services Export Promotion Council for promoting the Indian service sector in the foreign market. In the recent years the Government of India has take some important step for the improvement of service based export. India’s share of consultancy exports is about 0.5% of global trade in services. According to the 2002 data of the Federation of Indian Export Organizations (FIEO), India's share in global trade in services was about 1.3%. South East Asia constituted 22% both by number and by value whereas South Asia was 18% number wise and 16% value wise. As per the analysis, done during 1995-96 to 2000-01 indicates that consultancy contracts were secured largely in West Asia which accounted for 39% number wise and 46% value wise followed by South East Asia and Pacific & South Asia. For countries that rely on service exports or on tourism, the invisible balance is particularly important.Įxport Performance of the Indian service IndustryĪn analysis of the consultancy contracts secured by Indian project in the foreign market has been carried out by Exim Bank of India. The net total of a country's invisible imports and invisible exports is called the invisible balance of trade and is a part of the country's balance of trade. The exporter is defined as the supplier of the service. Since nothing tangible is transferred, the importer is defined as the person, group or country that receives the service. Invisible trade is composed of invisible imports and invisible exports. #INVISIBLE CONTRACTS SOFTWARE#
invisible exort also known as invisible trade is basically associated with the person’s own skill and knowledge is what is 'sold' rather than a piece of software or books. Invisible export is the part of international trade that does not involve the transfer of goods or tangible objects, which mostly include service sectors like banking, advertising, copyrights, insurance, consultancy etc.
Strengths and Weaknesses of Indian Consulting Industry. Export Performance of the Indian service Industry.
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