Development India Flashcards
Why is India’s geographical location important
Subcontinent as Southern Asia can trade with seas east and west also has Europe and Middle East surrounding
India’s significance with FDI
Most of India’s economic growth from fdi. TNC who invest in services providing cheaper services
Outsourcing
Where company’s move services overseas
3 types or outsourcing
Call centres - payed 300 a year ( 20 % of uk pay )
Softwear- enable bt to develop
Company administration- accounting
BT new economy
Sale and services rather than manufacturing
Footloose - can locate anywhere as super fast broadband
TNC usually invest near university’s
Changes in communication to Skype to make business more accessible
Urban expansion
Construction of new appartments
Booming India but for whom ?
People migrate to city’s for new jobs which causes the multiplier effect so area becomes a core region leaving other areas deprived
Maharshta ( urban core )
Economic powerhouse
Growth comes from call centres
2nd largest port in country
Environmental impact maharshtab
Water pollution - industrial management is poor
Air pollution - public transport
Loss of biodiversity- more land needed for housing
Bihar ( rural periphery )
Poorest state 86% of state is rural Earn less than 80 p a day 59% or population have electricity Slums
Garment workers
India’s government allowed TNCs to set up factories
Theu took advantage of low wages ( wage 87% lower than uk )
Sweat shops
India’s social influence
2nd largest population
Diverse
3rd most emitter of greenhouse gasses
India’s economic liberisation ‘ market economy ‘
What investments will make the most profits
Goods made cheaply
Demand
Government ecoursge fdi to reduce import taxes
Containerisation
Easy way to ship products
Aircraft
More expensive to makes products more valuable
