Question

Which of the following points qualifies India to be the favorite spot for outsourcing by various MNCs.?

Options

• Easy Availability of Cheap Labour 

• Reasonable Degree of Skills 

• International worthiness 

• All of the above 

Answer 1

All of the above

Explanation:

The following factors identify India as a preferred outsourcing destination for various MNCs.

1. Easy Availability of Cheap Labour:
   MNCs, find it economically reasonable to outsource their business to India because pay rates in India are lower than those in industrialised countries.
2. Reasonable Degree of skills:
   Freudians have a respectable level of skills and procedures that require a short training period and consequently a minimal training cost.
3. International worthiness:
   India has a good international reputation and credibility. This boosts international investors' confidence in India.