2.5 Flashcards
What is GDP?
GDP stands for gross domestic product, it is the total value of goods and services produced by a country in a year.
What is GNI?
GNI stands for gross national income, it is the sum of the value added by all producers who are residents in a nation.
What is a TNC?
TNCE stands for trans national corporation, it is a company that has outsourced to different countries.
Give an example of a TNC located in India.
BT
What is an FDI-Policy?
FDI stands for foreign direct investment and a Pro- FDI policy is a policy that accepts outside overseas investment. Most of it comes from major TNC’s.
What is outsourcing?
Outsourcing is a process where a company moves services overseas, such as software development or call centres, because labour is cheaper.
Why has a major company, like BT, outsourced?
BT has outsourced because labour is cheaper and India has a high proportion of English speakers.
What types of aid has India received from its government policy?
Voluntary Aid Bilateral Aid Multilateral Aid
Where is Multilateral Aid received from?
Multilateral aid is received from international agencies like the UN and the world bank.
Where is Bilateral Aid received from?
Bilateral Aid is received from one country’s government to another.
Where is Voluntary Aid received from?
Voluntary Aid is received from NGO’s, some based in India.
How much have India’s exports grown in 23 years?
Its export value has grown from 17.2 billion in 1991 to 342 billion in 2014.
What is the percentage increase in India’s GDP per capita?
India’s GDP per capita has increased by 500% ($1150 in 1991 to $5800 in 2014)
He much larger is a salary paid by an IT job in India compared to an average job?
£5000 a year, 4x more than the average India salary.
How many schools does India have?
India has over 1.4 million schools and 360,000 higher education facilities.
How large is India’s telecommunications network?
India has the 2nd largest telecommunications network in the world.
What has happened to India’s agriculture due to outsourcing?
The % of India’s GDP coming from agriculture has dropped from 31% in 1991 to 18% in 2014
How has the GDP coming from the service sector changed over time?
The service sector has risen from 41% in 1991 to 58% in 2014.
How many seaports does India have?
India has 12 major seaports and 185 minor ones (about 95% of India’s foreign trade by volume and 70% is carried by ship).
How much more value are imports in India made by plane compared to those transported by sea.
India’s imports by plane are 70 times more valuable than those which are carried by sea.
