GATS And Liberalisation Of Services: Implications For India | Krushna Mohan Pattanaik

With the emergence of services as the major contributor to economic development, liberalisation of services has become a crucial issue in international negotiations on services. Liberalisation of services necessitates some short and mediumterm adjustment costs. To reap the benefits of liberalisation and to deal with the problems that it might create in the short and medium term; liberalization of services must be accompanied by domestic reforms. The study argues that such reforms particularly in the form of regulatory reforms intended to develop a transparent and fair regime would create a level playing field within the framework of a competitive market.