Indian economy and globalisation Flashcards
1
Q
Globalisation
A
The increasing trade and interdependence of global economies as deregulation and improved communications allow for markets to operation internationaly
2
Q
5 factors allowing India’s globalisation of services
A
Health industry Language Localisation Policy factors Demographics
3
Q
Health industry
A
3rd Largest exporter of medical services from tourism
4
Q
Language
A
2nd Largest English speaking population in the world means it is one of few LEDC’s that can provide services that require communication (50million)
5
Q
Localisation
A
578 SEP creating $15bn in exports and employ 1/2million people
6
Q
Policy factors
A
India guarantees protection of intellectual property rights while China has rampant piracy
7
Q
Demographics
A
1.5million IT professionals graduate every year
