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%

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2
Q

What % of the population are employed in agriculture?

A

70%

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3
Q

Why India?

A
  1. High qualified professionals particularly in ICT
  2. 50 mil indian speaking professionals
  3. Low labour costs (British company can save £10 mil for every 1000 relocated jobs)
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4
Q

What problems?

A
  1. Unions in the developed world (UK worried about job losses.
  2. Concerns about standards of privacy and data protection in Indian ICT companies
  3. Poverty gap increases as employment opportunities only available to the educated middle class.
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