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Liberalisation, Privatisation And Globalisation — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsLiberalisation, Privatisation And Globalisation3 Marks
Question
Why are most of the MNCs outsourcing their services to India?
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Answer

Most of the MNCs are outsourcing their services to India on account of the following factors:
  • Availability of services at a cheaper cost.
  • With reasonable degree of skill and accuracy.
Thus, it is the availability of skilled manpower at the low wage rates which has made India a destination for global outsourcing.

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