alleryIndian IT and BPO services exports are an example of
Aloss from globalisation
Bgain from globalisation by capturing service exports to developed countries
Cinternal trade only
Ddecline of services
Answer & Solution
Correct answer: B. gain from globalisation by capturing service exports to developed countries
1. India captured a global edge in IT and Business Process Outsourcing.
2. Cheap, English-speaking, technically trained workforce was the key advantage.
3. Hence IT/BPO services exports grew rapidly post-2000.
_Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
Keep practising Economic Development & Banking
Browse all Economic Development & Banking questions for CBSE Class 10, or explore more Social Science topics.
Related questions
What must every e-commerce entity display under the 2019 Act?Which authority was set up under the Consumer Protection Act, 2019?What is a mediator in consumer disputes?Which is a weakness of the consumer redressal process in India?Why is evidence hard to gather in many small purchases?Roughly how many consumer groups exist in India, per NCERT?Which of these goods must be certified before sale in India?For which product is certification mandatory for producers?