Question
Issues in International Trade in Services
Answer :
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International trade in services refers to the exchange of intangible products like IT services, banking, tourism, education, healthcare, and transportation across countries. India has emerged as a significant player in global services trade, particularly in IT and software services, which contribute substantially to the country’s export earnings. However, several issues affect India’s international trade in services. One major challenge is regulatory barriers. Different countries have diverse regulations, licensing requirements, and standards, which often complicate market entry for Indian service providers. For example, data protection laws in the European Union can restrict cross-border data
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