<p>Union minister Piyush Goyal on Tuesday said India's service sector can help achieve the Central government's target of $5 trillion GDP.</p>.<p>"The service sector has the potential to be the largest job creators in the country and over the next five years it has the potential to contribute $3 trillion out of the $5 trillion GDP target set by the government," Goyal, the minister of Railways, Commerce and Industry, said.</p>.<p>At the inauguration of the fifth Global Exhibition on Services-2019 at the Palace Grounds here, he said it is the manufacturing and services industry that will be the growth engines of the Indian economy.</p>.<p>He emphasised that these two sectors need to work together, as without services, manufacturing cannot succeed and without manufacturing, services cannot grow.</p>.<p>According to Goyal, India needs to move beyond Business Process Outsourcing and work towards adopting new-age technologies such as artificial intelligence, blockchain, machine learning and engage with the rest of the world on equal terms.</p>.<p>The three-day event has been organised by the Ministry of Commerce and Industries, Karnataka government, Services Export Promotion Council and the Confederation of Indian Industry. </p>
<p>Union minister Piyush Goyal on Tuesday said India's service sector can help achieve the Central government's target of $5 trillion GDP.</p>.<p>"The service sector has the potential to be the largest job creators in the country and over the next five years it has the potential to contribute $3 trillion out of the $5 trillion GDP target set by the government," Goyal, the minister of Railways, Commerce and Industry, said.</p>.<p>At the inauguration of the fifth Global Exhibition on Services-2019 at the Palace Grounds here, he said it is the manufacturing and services industry that will be the growth engines of the Indian economy.</p>.<p>He emphasised that these two sectors need to work together, as without services, manufacturing cannot succeed and without manufacturing, services cannot grow.</p>.<p>According to Goyal, India needs to move beyond Business Process Outsourcing and work towards adopting new-age technologies such as artificial intelligence, blockchain, machine learning and engage with the rest of the world on equal terms.</p>.<p>The three-day event has been organised by the Ministry of Commerce and Industries, Karnataka government, Services Export Promotion Council and the Confederation of Indian Industry. </p>