Class 11 Economics - Indian Economic Development - Chapter Liberalisation, Privatisation and Globalisation: An Appraisal NCERT Solutions | Do you think outsourcing is good for Ind
Do you think outsourcing is good for India? Why are developed countries opposing it?
Yes, outsourcing is good for India. The following points suggest that outsourcing is good for India.
1. Employment: For a developing country like India, employment generation is an important objective and outsourcing proves to be a boon for creating more employment opportunities. It leads to generation of newer and higher paying jobs.
2. Exchange of technical know-how: Outsourcing enables the exchange of ideas and technical know-how of sophisticated and advanced technology from developed to developing countries.
3. International worthiness: Outsourcing to India also enhances India's international worthiness credibility. This increases the inflow of investment to India.
4. Encourages other sectors: Outsourcing not only benefits the service sector but also affects other related sectors like industrial and agricultural sectors through various backward and forward linkages.
5. Contributes to human capital formation: Outsourcing helps in the development and formation of human capital by training, imparting them with advanced skills, thereby, increasing their future scope and their suitability for high ranked jobs.
6. Better standard of living and eradication of poverty: By creating more and higher paying jobs, outsourcing improves the standard and quality of living of the people in the developing countries. It also helps in reducing poverty.
7. Greater infrastructural investment: Outsourcing to India requires better quality infrastructure. This leads to the modernisation of the economy and larger investment by the government to develop quality infrastructure and develop quality human capital. However, Outsourcing to India is good but developed countries oppose this because outsourcing leads to the outflow of investments and funds from the developed countries to the less developed countries. Also the MNCs contribute more to the development of the host country than the home country. Further, outsourcing reduces the employment generation in the developed countries as the same jobs can be done in the less developed countries at relatively cheap wages. Moreover, this leads to job insecurity in the developed countries as at a point of time jobs can be outsourced to the developing countries.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Liberalisation, Privatisation and Globalisation: An Appraisal
- Q:-
How is RBI controlling the commercial banks?
- Q:-
Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers. - Q:-
Agriculture sector appears to be adversely affected by the reform process. Why?
- Q:-
Why were reforms introduced in India?
- Q:-
Those public sector undertakings which are making profits should be privatised. Do you agree with this view? Why?
- Q:-
Why did RBI have to change its role from controller to facilitator of financial sector in India?
- Q:-
Do you think the navaratna policy of the government helps in improving the performance of public sector undertakings in India? How?
- Q:-
What do you understand by devaluation of rupee?
- Q:-
Why has the industrial sector performed poorly in the reform period?
- Q:-
Why are tariffs imposed?
Popular Questions of Class 11 Economics - Indian Economic Development
- Q:-
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
- Q:-
What are the two major sources of human capital in a country?
- Q:-
What do you mean by rural development? Bring out the key issues in rural development.
- Q:-
Define a plan?
- Q:-
Who is a worker?
- Q:-
Explain the term ‘infrastructure’.
- Q:-
What is meant by environment?
- Q:-
Why are regional and economic groupings formed?
- Q:-
Why calorie-based norm is not adequate to identify the poor?
- Q:-
Name some notable economists who estimated India’s per capita income during the colonial period?
Recently Viewed Questions of Class 11 Economics - Indian Economic Development
- Q:-
Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
- Q:-
Give two instances of
(a) Overuse of environmental resources
(b) Misuse of environmental resources. - Q:-
Distinguish between ‘Green Revolution’ and ‘Golden Revolution’.
- Q:-
Why did India opt for planning?
- Q:-
Explain how the opportunity costs of negative environmental impact are high.
- Q:-
What are the various means by which countries are trying to strengthen their own domestic economies?
- Q:-
Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy (iv) a tuition master (v) transport operator (vi) construction worker.
- Q:-
Illustrate the difference between rural and urban poverty. Is it correct to say that poverty has shifted from rural to urban areas? Use the trends in poverty ratio to support your answer.
- Q:-
Infrastructure contributes to the economic development of a country. Do you agree? Explain.
- Q:-
You are residing in a village. If you are asked to advice the village panchayat, what kinds of activities would you suggest for the improvement of your village which would also generate employment.
- All Chapters Of Class 11 Economics - Indian Economic Development
- All Subjects Of Class 11