India Essay

667 Words3 Pages
India’s Comparative Advantage 1. The essential question is “What factors give some countries a comparative advantage in the global IT revolution?” 2. Information technology or IT is the use of technology to move, record, and process information. IT can include computers, cell phones, communication satellites, and the internet. 3. Outsourcing is the process of hiring someone outside a company to do work that was once done inside the company. 4. A comparative advantage is the ability of one country to produce a good or provide a service at a lower cost or more effectively than another country. 5. The caste system has influenced Indian society by dividing social classes distinctively. This can result in not all Indian being treated equally. 6. India’s economy is growing rapidly from its development of its IT department, and its number of skilled workers and jobs. 7. Labor costs in India are among the lowest worldwide because of its low cost of living and fierce competition for jobs. With many people searching for work, Indians often accept lower pay than workers in other countries. Also, basic goods in cities cost much less than in other countries so Indians can still maintain a high standard of living, even despite their seemingly low pay. 8. IT jobs are attractive to Indians because they offer more pay and better working conditions. Before an average Indian worker would make $530 a year, but now an IT worker can make $5000-$10,000 a year. Also, IT workplaces now look like pleasant campuses that can help attract Indians with their added features. 9. A dialect is a version of a language that is spoken in a specific geographic area. 10. English was introduced in India when traders brought the language to India during the 1600s, and when Great Britain took over India and made it into a colony. British officials set up schools

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