Question

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

Answer 1

Dear student..
The following points qualify India to be the favourite spot for outsourcing by various MNCs.

1. Easy Availability of Cheap Labour: As the wage rates in India are comparatively lower than that of in the developed countries, MNCs find it economically feasible to outsource their business in India.

2. Reasonable Degree of Skills: Indians have fairly reasonable degree of skills and techniques that need low training period and, thus, low cost of training.

3. International worthiness: India has a fair international worthiness and also credibility.. This enhances the faith of the foreign investors in India.

4. Virgin Market: India has a virgin market for produced goods and services. This not only helps the MNCs to explore the wide domestic market of India but also conquer the international market as the cost of production in India is relatively cheaper.

5. Stable Political Environment: The democratic political environment in India provides a stable and secured environment to the MNCs to expand and grow. Hope it helps! Cheers!

Answer 2

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✚ Most multinational corporations and even small companies, are Outsourcing their services to India .

$\huge\red{{\mathtt{THE\: FOLLOWING\: ADVANTAGES\: ARE :-}}}$

$\huge\green{{\mathcal{AVAILABILITY\: OF\: CHEAP\: LABOUR}}}$

➤ India is a country with a large population and thus abundant supply of labour.

➤ Due to this reason, labour in India is available at low wage rates this helps foreign companies in reducing cost of operation by outsourcing their business processes of India .

$\huge\purple{{\mathcal{SKILL\: AND\: ACCURACY}}}$

➤ India as a wide pool of talent in the form of educated and trained youth who have the required skills and can work with accuracy in the business processes such as accounting, Record Keeping, It consultancy,etc.

➤ Here Outsourcing plays a vital role,a given platform to the people so that they can use and enhance their skills and secondly they need low training period and thus,low cost of training .

$\huge\pink{{\mathcal{CONTINUITY\: AND\: RISK\: MANAGEMENT}}}$

➤ Periods of High employee turnover will add uncertainty to the operation.Outsourcing those functions are become cheaper and convenient to use .