while explaining the features of globalisation yours , economics teacher says " outsourcing is one of the importants out comes of the globalisation process ". examine how outsourcing helps Indian economy.
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When companies in developed countries like the U.S. outsource from developing countries like India, it encourages investment in India. These investments help boost the Page 18 8 Indian economy by enhancing their standard of living, and also help reduce the unemployment rate
The growth of outsourcing has had a significant economic impact in a country like India.For instance, both the ITO (Information Technology Outsourcing) and BPO (Business Process Outsourcing) in India today contribute to around 9.5% of the country's GDP and employs around 3.5 million people
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