India has certain advantages which makes it a favourite outsourcing destination. What are these advantages?
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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.
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Easy availability of cheap labour. As the wage rates in India are comparatively lower than that of in the developed countries. Skills – Indians have reasonable degree of skills and techniques and knowledge of International language, English. Stable Political Environment: The democratic political environment in India provides a stable and secured environment to the MNC’s to expand and grow. Availability of raw material at 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. This enables proper and smooth operation of MNC’s.
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