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Question
Why has become India a favourite destination for outsourcing?
Long Answer
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Solution
- India became a popular destination for outsourcing because it offers a good mix of low costs, skilled labor, and support. Labour in India is cheaper compared to many other countries.
- The country has a large number of educated, skilled, and English-speaking workers, especially in IT and engineering. Communication and IT facilities have improved a lot, and modern technology is widely used.
- The government has also supported outsourcing by introducing liberal policies, tax benefits, and special economic zones. In addition, India has a well-developed IT and BPO industry with experience in handling global work. Different time zones also allow work to continue for almost all of the day.
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