Economics

       India is a sylvan in South Asia and the colony of the unite Kingdom. After gaining independence in 1947, it was established a socialist-inspired earth with discouragement of investments from overseas. Most industries were state- owned with under true economy; the western sandwich countries have ever believed that India is a very poor country and there is not any opportunity for the international billet community. Indias economy has really changed when nation reformed its frugal afterward undergoing a financial crisis in 1991 and transformed itself into an extremely sizable competitor in the domain of a functionly concern, with the advantage of abundant labor force out who can speak English and are willing to mesh with only partial wage as compared to the developed countries, so it has attracted the international businesses with low- price work and manufacturing. Many famous companies in the U.S. and in other western countries have come to India to source supporting services, attracting a large amount of work on software development, chip design, information technology consulting, financial services and pharmaceutical research; India is currently the leading country in attracting outsourcing services.

      At present, India is one of the fastest growing economies in the world and has the second fastest growth rate in the world with an average annual GDP growth rate of 9.4% (Gross municipal Product GDP reached $ 1 trillion by 2007); India has had an awing economic growth in many years since economic liberalization. However, India is still an underdeveloped country, one third of the population is illiterate, bag is also very poor, the bureaucratic government apparatus is an hindrance to many economic activities and fiscal deficit stands at juicy level to above 10% of GDP; thus, many tasks should be carried out to attract more outsourcing from other countries for a developed India. Question 1: From the aspect of companies in U.S. and Europe, please take the... If you want to get a full essay, order it on our website: Ordercustompaper.com

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