Best answer: Do you think outsourcing is good for India State 3 advantages of outsourcing in India?

What are the advantages of outsourcing in India?

Top 10 Advantages of Outsourcing to India in 2019

  • Vast Talent Pool. …
  • Cost Savings. …
  • Easy Communication. …
  • World-class IT Infrastructure and Latest Technology. …
  • Stable Government and Supportive Policies. …
  • Committed and Hard-working Professionals. …
  • Consistent High-Quality Services. …
  • Faster Project Delivery.

What is outsourcing do you think outsourcing is good for India?

Therefore, outsourcing has proved to be good for India in the following manner (i) Employment Generation Outsourcing from developed nations has helped in creating more employment opportunities in India. It has resulted in generation of higher paying jobs which utilize the skills of educated youth of India.

Do you think outsourcing is good for India Class 12 economics?

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.

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What are the advantages of outsourcing?

Core advantages of outsourcing:

  • 1) Save time. …
  • 2) Reduced costs. …
  • 3) Savings on technology and infrastructure. …
  • 4) Expertise. …
  • 5) Increased efficiency. …
  • 6) Reduced risk. …
  • 7) Staffing flexibility. …
  • 1) Loss of managerial control.

Why is outsourcing good?

It improves efficiency, cuts costs, speeds up product development, and allows companies to focus on their “ core competencies”.

Is outsourcing good for developing countries?

Benefits of Outsourcing for developing economies.

This boosts the rate of economic growth and can lead to improvements in infrastructure and confidence in the economy. … Outsourcing has provided a new arena of employment, especially for developing economies with good standards of English and skills.

Were there any positive contribution made by the British in India discuss?

Answer: Yes, there were various positive contributions that were made by the British in India though these contributions wore not made with the objective of welfare for Indians but for the British interests. … It opened up the cultural and geographical barriers and facilitated commercialization of Indian agriculture.

Why is India considered a Favourite destination for outsourcing?

Favourable Government Policies: The most important point that makes India as the most favourite spot for outsourcing is the favourable government and tax policies. MNCs gets various types of lucrative offers from the Indian government like tax holidays, low rate of tax, easy tax policies, etc.

What is outsourcing in economics class 12?

Outsourcing is defined as the practice of having certain job functions done outside a company instead of having an in-house department or employee handle them. … In India, the outsourcing has generated new employment opportunities which lead to GDP growth and also increased the foreign reserve in our economy.

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What do you mean by outsourcing in economics class 11?

Outsourcing means contracting out non-core and routine activities to outside agencies with a view to benefitting from their expertise, experience and efficiency. For instance, a firm may outsource the advertising activity to an advertising agency instead of setting up its own advertising department.

What is meant by outsourcing?

Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.