Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following is NOT a factor that has made India a destination for global outsourcing in the post-reform period?

Options:

Cheap labour

Reasonable level of skill and accuracy of labour

English Speaking labour

None of the above

Correct Answer:

English Speaking labour

Explanation:

The low wage rates and availability of skilled manpower in India have made it a destination for global outsourcing in the post-reform period. Most multinational corporations, and even small companies, are outsourcing their services to India where labour can be availed at a cheaper cost with reasonable degree of skill and accuracy.

Labour of India especially unskilled and semi skilled is generally NOT English speaking.