India will gain by opening up the services sector, including retail and financial sector, to global competition because of its strengths in the sector, said Parthasarathi Shome, Advisor to the Finance Minister, Government of India.
Opening up the sector in which it has comparative advantage,will make services dynamicand enhance productivity. This will help the nation draw global technology and make it more competitive, said Shome addressing the fourth R. Venkataraman Endowment Lecture at the Madras School of Economics, instituted in honour of the former President of India.

Source - http://www.thehindubusinessline.com