India has certain advantages which makes it a favourite outsourcing destination. What are these advantages?

Asked by Last Modified  

2 Answers

Learn Economics

Follow 1
Answer

Please enter your answer

Mandakini Singh

Teaching is more than just a job, it is a responsibility. A responsibility to help shape career..

The advantages which make it a favorite out souring destination are Easy availability of cheap labor. As the wage rates in India are comparatively lower than those in developed countries. Skills – Indians have a reasonable degree of skills and techniques and knowledge of the International language,...
read more
The advantages which make it a favorite out souring destination are Easy availability of cheap labor. As the wage rates in India are comparatively lower than those in developed countries. Skills – Indians have a reasonable degree of skills and techniques and knowledge of the International language, English. Stable Political Environment: The democratic political environment in India provides a stable and secured environment for the MNC’s to expand and grow. Availability of raw material at a cheaper rate India is well downed in natural resources. This ensures the MNC’s cheap availability of raw material and undisturbed and perennial supply of raw materials. read less
Comments
Dislike Bookmark

Let's grow and learn together.

1. Availability of cheap labour 2. Favourable government policies 3. Lack of competitive competitors 4. Availability of raw materials at cheaper rate.
Comments
Dislike Bookmark

Related Questions

Outline the steps involved in attaining sustainable development in India.
In 2015, the United Nations general assembly adopted the 2030 agenda for sustainable development 193 countries including India got committed to the 17 sustainable development goals that require efforts...
Ankita
0 0
View Comments5
Name some notable economists who estimated India’s per capita income during the colonial period.
Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao, and R. C Desai.
Subhash
0 0
View Comments6
State an example each of self-employment in rural and urban areas.
Example of self employment in urban areas will be shopkeeping, own business and for rural areas is farming in own land.
Shantanu
0 0
View Comments8
 Infrastructure contributes to the economic development of a country. Do you agree? Explain.
Yes, I agree that infrastructure contributes to the Economic development of a nation. For any development to take place, infrastructure is the basic requirement. Roads, bridges ,Railway lines boost the...
Swapna
0 0
View Comments5
 What is the most important function of RBI?
The most important function of RBI is that it issues currency notes and coins except one rupee note and coin.
Santosini
0 0
View Comments5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

The question should be short, simple and properly arranged to avoid confusions. Explain.
A questionnaire is a list of questions relating to the field of enquiry. It may be defined as an instrument of collecting primary data from a large number of people. While preparing questionnaire, followingpoints...

Sujoy Das

0 0
View Comments0
â??Today nearly every decision in business is made with the aid of statistical data and statistical methodsâ??.
Use of statistical data is made even in business. The promoters of the business make an extensive use of data to arrive at the conclusions which guide them in starting a new concern. The importance of...

Sujoy Das

1 0
View Comments0
Mention the salient demographic indicators of China, Pakistan and India
The salient demographic indicators of China, Pakistan and India are discussed below (i) The population of Pakistan is very small and accounts for roughly about one-tenth of China or India. Though China...

Sujoy Das

1 0
View Comments0
Statistical methods are not the substitute for common sense.
It is absolutely true that statistical methods are not the substitute for common sense. Statistical data should not be believed blindly as they can be misinterpreted or misused. The statistical data may...

Sujoy Das

1 0
View Comments0
What are the Types of Credit Control Measures ? Explain it .
Types of Credit Control MeasuresA. Quantitative (General) MeasuresThese regulate the overall supply of money and credit in the economy.1. Repo RateThe rate at which RBI lends to commercial banks.Increase...

Suraj A.

0 0
View Comments0

Recommended Articles

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 developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Radhe Shyam Burman, an MBA Tutor from...

Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...

Read full article >

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Find PUC Tuition near you
PUC Tuition in Delhi
PUC Tuition in Bangalore
PUC Tuition in Hyderabad
PUC Tuition in Chennai
PUC Tuition in Kolkata
PUC Tuition in Mumbai
PUC Tuition in Pune
PUC Tuition in Jaipur
PUC Tuition in Lucknow
PUC Tuition in Noida
Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you