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NITI Aayog Report on Regulatory Regime in Professional Services
NITI Aayog releases the report “India’s Services Sector: Insights on Regulatory Regime in Professional Services” in August 2026. The report studies India’s regulatory system for professional services and compares it with selected foreign countries. It identifies regulatory challenges and outlines a strategy linked to improving the global competitiveness of Indian professionals.
Insights on Regulatory Regime in Professional Services:
| Dimension | Key Details |
|---|---|
| Definition | Professional services comprise specialized, knowledge-based tasks provided by trained experts to help clients solve problems or reach specific goals. |
| Examples | Examples of professional services comprise lawyers, tax advisors, IT consultants handling cybersecurity, and business strategists. |
| Key challenges identified | Challenges comprise lack of clarity in some regulations, problems in market entry and international competitiveness, need for better recognition of Indian qualifications, and need for continuous improvement of professional skills. |
| Four-pronged strategy | The strategy comprises using emerging trends to transform professional services, strengthening professional services within the wider services value chain, adopting global best practices in regulation, and promoting continuous professional development and skill upgrading. |
| Expected benefits | Expected benefits comprise increased services exports, more high-skilled jobs, promotion of entrepreneurship and innovation, improved cross-border mobility of professionals, and enhanced ease of doing business. |
| Quantitative fact | Professional services contribute nearly 1/4 of India’s total services exports. |
| Importance | Professional services are knowledge-intensive and high-value services, and they support employment, remittances, and other services. |