Do you think outsourcing is good for india why are developed countries opposing it

Outsourcing is one of the important outcomes of the globalisation process. In outsourcing, a company hires regular services from external sources, mostly from other countries. Many of the services such as voice-based business processes, record advice, etc are being outsourced by companies in developed countries to India. Therefore, outsourcing has proved to be good for India in the following manner. 1. Employment Generation : Outsourcing from developed nations has helped in creating more employment opportunities in India. It has resulted in generation of higher paying jobs that utilize the skills of educated youth of India. 2. Increased Foreign Investment: Successful execution of processes outsourced to India has increased India’s international credibility and hence the inflow of foreign capital to India. 3. Promotes: Other sectors outsourcing creates various backward and forward linkages which make it beneficial for other related sectors like industrial and agricultural sectors too. 4. Human Resource Development: Outsourcing has helped in developing human resources by draining the youth and imparting skills required for specific jobs that have high remuneration. 5. Rise in Standard of Living : Outsourcing has improved the standard of living of the people in India by generating more and better employment with rise in average salaries. Outsourcing is beneficial for India but developed countries oppose this because outsourcing leads to the outflow of capital from the develop...

Yes, Ousourcing is good for India. The reason of such are stated as under. -India is the 2nd largest population nation in the world. -Labour are available at cheap rate. -large number of unemployed person. -India is devoloping nation and due to dependent on others country. -Less infrastructure... read more Yes, Ousourcing is good for India. The reason of such are stated as under. -India is the 2nd largest population nation in the world. -Labour are available at cheap rate. -large number of unemployed person. -India is devoloping nation and due to dependent on others country. -Less infrastructure Developed countries opposing it because they already acheived their growth and now wants further higher growth. Due to this they does not want their person employed in outsourcing sector where wage rate less. read less Meet Sandhya R, a B.Sc tutor from Bangalore Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic... Read full article > Meet Mohammad Wazid, a skilled trainer for... Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has d...

Some economists are naming the present inflation in India as "Imported Inflation". Why is it that they have named it so? A. It is because foreign products have become costly. B. It is because some monetary units have depreciated. C. The shortage of commodities in India is being made good by imported commodities. As we have noticed, many banks of Indian origin are opening offices/branches in foreign countries. Why is this trend emerging at a very fast pace? A. These banks wish to provide banking facilities to foreigners as banking facilities are not plenty in many foreign countries. India wants to take an advantage of the situation. B. These banks wish to help Indian firms, to acquire funds at internationally competitive rates. C. These banks wish to promote trade and investment between India and other countries.

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Yes, outsourcing is good for India. The following points suggest that outsourcing is good for India. 1.Employment:For a developing country like India, employment generation is an important objective and outsourcing proves to be a boon for creating more employment opportunities. It leads to generation of newer and higher paying jobs. 2.Exchange of technical know-how:Outsourcing enables the exchange of ideas and technical know-how of sophisticated and advanced technology from developed to developing countries. 3.International worthiness:Outsourcing to India also enhances India’s international worthiness credibility. This increases the inflow of investment to India. 4.Encourages other sectors:Outsourcing not only benefits the service sector but also affects other related sectors like industrial and agricultural sector through various backward and forward linkages. 5.Contributes to human capital formation:Outsourcing helps in the development and formation of human capital by training, imparting them with advanced skills, thereby, increasing their future scope and their suitability for high ranked jobs. 6.Better standard of living and eradication of poverty:By creating more and higher paying jobs, outsourcing improves the standard and quality of living of the people in the developing countries. It also helps in reducing poverty. 7.Greater infrastructural investment:Outsourcing to India requires better quality infrastructure. This leads to the modernisation of the economy and la...