Read the case study and answer the following.

In outsourcing, a company hires regular service from external sources, mostly from other countries, which was previously provided internally or from within the country (like legal advice, computer service, advertisement, security each provided by the respective departments of the company). As a form of economic activity, outsourcing has intensified, in recent times, because of the growth of fast modes of communication, particularly the growth of information Technology (IT). Many services such as voice based business processes, record keeping, accounting, banking are being out sourced by companies in developed countries to India. Most multinational corporations and even small companies are outsourcing their services to India where they can be availed at a cheaper cost with reasonable degree of skill and accuracy. WTO is expected to enlarge production and trade of services to ensure optimum utilisation of world resources, WTO agreements facilitate international trade through removal of tariff and non-tariff barriers and providing greater market access to all member countries.

Globalisation of Indian Economy has resulted in :

More positive and less negative effects

The correct answer is option (3) : More positive and less negative effects

Globalization of the Indian economy has resulted in a mix of positive and negative effects.

1. Globalization has brought about several benefits, including increased foreign investment, access to inter national markets, and the growth of industries such as information technology and outsourcing in India.

2. However, it has also posed challenges, such as increased competition and potential job displacement in certain sectors. The overall impact depends on various factors and perspectives.