india nic
- Created by: tami.atkinson
- Created on: 13-01-16 15:22
View mindmap
- India - NIC - Service sector
- why was India attractive to investment???
- Skilled workforce
- Educated Workforce
- Multilingual - could speak english
- Low labour costs
- good communication links
- favourable government policies
- offer a range of office based skills
- tnc's saved money
- average uk salery = 12,500£/yr average indian salery = 1200£/yr
- 1990's - economic reforms made
- reduced trade barriers
- encouraged foreign direct investment
- 1980's/1990's indians discovered uk needs
- set up businesses to supply needs
- low labour costs meant supplying the same service cheaper
- TNC's outsourced to india as its cheaper
- Nowadays
- service sector plays a large part in Indian economy - 56% in 2011
- has increased wealth and employment
- increased living standards
- but... profits leave india
- benefits are only avaliable to educated middle class
- increases poverty gap
- why was India attractive to investment???
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