Read the following text carefully and answer the questions given below :
“It is an arrangement in which a firm hires some specialized firm(s) to carry out some of its activities (which were earlier being performed by itself). These service hirings could be from local / international markets.”
State any two factors responsible for making India as an important source of these activities.
Read the following text carefully and answer the questions given below :
“It is an arrangement in which a firm hires some specialized firm(s) to carry out some of its activities (which were earlier being performed by itself). These service hirings could be from local / international markets.”
State any two factors responsible for making India as an important source of these activities.
Show Hint
Solution and Explanation
The question asks why India has become a favourite place for outsourcing. It carries 2 marks, so two factors are needed, 1 mark each.
Step 2: Factor 1: growth of fast communication and IT:
Faster modes of communication and the growth of information technology let firms in India work for clients far away.
Data, voice and documents can be sent in seconds at low cost. This made it easy for foreign firms to give work to India.
Step 3: Factor 2: skilled manpower at low cost:
India has many qualified and skilled people. They are available at a much lower cost than in developed countries.
So firms save money and still get good quality work.
Final Answer:
Two factors that make India an important outsourcing destination are:
1. The growth of faster modes of communication, particularly information technology.
2. The availability of skilled and qualified manpower at relatively affordable cost.
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