Read or download the official PDF of this gazette notification issued by the National Institution For Transforming India (Niti Aayog) on 14th August 2026. Classified under Press Release.
Executive Summary
On August 10, 2026, NITI Aayog launched the report “India’s Services Sector: Insights on Regulatory Regime in Professional Services” to assess and benchmark India’s regulatory framework against international jurisdictions. The report identifies key challenges and proposes a four-pronged strategy to enhance the sector's efficiency, supporting India's transition toward "Viksit Bharat @2047." It serves as a foundational pathway for future policy dialogues aimed at strengthening service exports and the ease of doing business.
Key Points / Main Content
Report Purpose and Methodology
Conducts a factual assessment of the regulatory ecosystem governing professional services in India.
Benchmarks domestic frameworks against select foreign jurisdictions to identify gaps and best practices.
Incorporates findings from extensive stakeholder consultations to address sector-specific challenges.
Economic Importance of Professional Services
Professional services contribute nearly one-quarter of India’s total services exports.
The sector is characterized as high-value and knowledge-intensive, driving job creation and remittance inflows.
It acts as a backbone for the services value chain, enabling the efficient delivery of downstream services.
Strategic Framework for Growth
Harnessing Trends: Utilizing emerging technological and market trends to transform service delivery.
Value Chain Elevation: Moving professional services higher up the services value chain to increase output.
Best Practices: Implementing international standards and best practices within the domestic regulatory framework.
Workforce Development: Ensuring continuous professional development to maintain a globally competitive workforce.
Future Objectives
Unlocking the potential of India's high-skilled workforce as the country approaches its demographic peak.
Enhancing the cross-border mobility of professionals and improving the ease of doing business.
Establishing a globally competitive, inclusive, and future-ready services sector.
Impact Analysis
Government Ministries and DepartmentsImpact
The report provides an indicative pathway for future policy dialogue and identifies specific areas for regulatory reform.
Action Required
Policy makers must use the report's insights to conduct deeper examinations of regulatory foundations and align policies with the "Viksit Bharat @2047" goals.
Professional Workforce and AcademiaImpact
Professionals gain opportunities for high-skilled employment, entrepreneurship, and innovation through a more robust regulatory ecosystem.
Action Required
Individual professionals and academic experts must focus on continuous professional development and the adoption of emerging trends to remain globally competitive.
Industry Associations and Service FirmsImpact
These entities benefit from a clearer strategy to elevate their services within the value chain and enhanced ease of doing business.
Action Required
Industry leaders should adopt international best practices outlined in the report and collaborate on implementing the four-pronged strategy to boost service exports.
Key Entities Referenced
Services Thematic Series: The broader series of reports initiated by NITI Aayog to analyze various sub-sectors of India's services economy.
India’s Services Sector: Insights on Regulatory Regime in Professional Services: A NITI Aayog report that provides a factual assessment of India’s regulatory framework for professional services and benchmarks it against foreign jurisdictions to identify sector challenges.
NITI Aayog: The primary policy think tank of India responsible for launching the report and steering the regulatory regime for the services sector.
High-Powered ‘Education to Employment and Enterprise’ Standing Committee: The specific committee forum involving government ministries, industry associations, and academia where the services sector reports are launched and reviewed.
Viksit Bharat @2047: The long-term national vision and policy goal for India's development, which this services sector regulatory framework aims to support.
NITI Aayog
NITI Aayog releases report on India’s Services
Sector: Insights on Regulatory Regime in
Professional Services
प्रव तथ: 14 AUG 2026 5:13PM by PIB Delhi
Shri Ashok Kumar Lahiri, Vice Chairman, NITI Aayog, launched the third report under the Services
Thematic Series at the forum of the High-Powered ‘Education to Employment and Enterprise’ Standing
Committee, in the presence of Smt. Nidhi Chhibber, CEO, NITI Aayog, and Dr. Saurabh Garg,
Secretary, MOSPI, on 10th August 2026. The launch was attended by senior officers from the
Ministries/Departments, State Governments, Industry Associations, and Experts/Academia, who are
members of the High-Powered Committee.
The report, “India’s Services Sector: Insights on Regulatory Regime in Professional Services”, presents
a unique factual assessment of India’s regulatory framework in professional services and benchmarks it
against select foreign jurisdictions. Drawing on extensive stakeholder consultations, it also identifies
key challenges and outlines a way forward to strengthen the sector and unlock the full potential of
India’s professional workforce.
Professional services is a key sub-sector in the services economy, accounting for nearly a quarter of
India’s total services exports. As high-value, knowledge-intensive activities, they enable efficient
delivery of downstream services, support job creation and remittance inflows, and form the backbone of
the services value chain. Understanding the regulatory ecosystem governing these services is therefore
critical to unlocking further growth.
The report adopts a balanced approach and provides sector-specific insights, alongside a four-pronged
strategy to enhance the efficiency and output of professional services: harnessing emerging trends to
transform professional services; elevate professional services within the services value chain; adoption
of best practices in professional services, and continuous professional development for professionals.
As India approaches its demographic peak, professional services offer significant opportunities for
high-skilled employment, entrepreneurship and innovation. A well-designed regulatory ecosystem can
further strengthen service exports, cross-border mobility of professionals and the ease of doing business.
The report provides an indicative pathway for future policy dialogue and deeper examination of the
regulatory foundations of professional services. As India advances towards Viksit Bharat @2047, such
efforts will be integral to building a globally competitive, inclusive and future-ready services sector.
Read the full report: https://www.niti.gov.in/sites/default/files/2026-08/India-Services-Sector-Insights-on-
Regulatory-Regime-in-Professional-Services.pdf
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