Case Study - India - Globalisation of services Flashcards
1
Q
What % of the GDP was accounted for the service sector at the beginning of the 21st century?
A
50%
2
Q
What % of the population are employed in agriculture?
A
70%
3
Q
Why India?
A
- High qualified professionals particularly in ICT
- 50 mil indian speaking professionals
- Low labour costs (British company can save £10 mil for every 1000 relocated jobs)
4
Q
What problems?
A
- Unions in the developed world (UK worried about job losses.
- Concerns about standards of privacy and data protection in Indian ICT companies
- Poverty gap increases as employment opportunities only available to the educated middle class.