Service Economy in India Social Sciences Essay Paper

1-800- India
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1-800- India
The critical aspect of India’s swift economic proliferation at the verge of the 21st century is its instigation and implementation of policies enhancing global outsourcing jobs. According to the dramatic documentary ‘1-800- India’, outsourcing is described as external contractors who are hired to supply services to an organization whereby certain corporate operations are moved out of a company and in lieu of the services. The external recipient of the organizations depicted in the movie was either located in India or western countries. In India, organizations that supplied contract services to multinational organizations are commonly alluded to as Business Process Outsourcing (BPO) organizations. Undoubtedly, the ‘1-800- India' indicates that the business process outsourcing companies link the people to their past, present, and future. Exceptionally, India provides multiple beneficial cooperate factors that enhanced the establishment of these companies throughout the verge of the 21st century.
For instance, back in the day, India was a British territory; therefore, the territorial and colonial legacy of English-speaking curriculum and education enhanced the production of millions of English-speaking qualified personnel among the Indian population. The curriculum was skills oriented more than it was content aligned. Consequently, the country enjoyed a significant number of skilled and experienced professionals in multiple spheres in the cooperate world with superior competencies. Therefore, the business process outsourcing company growth was attributed to cheap labor costs in India (Combs, Clapp‐Smith, & Nadkarni, 2010). Moreover, the high population in India ensured the colossal availability of both skilled and unskilled workers needed in the outsourcing firms. Besides, the high population led to high rates of unemployment and professionals were rendered jobless, the labor cost reduced leading to the proliferation of labor-oriented outsourced tasks. Further, the country’s distinctive geographic location and the favorable investor tax and business operation permit fee structure promoted outsourcing firms. Literally, India supported the establishment of foreign companies at her territory to provide jobs to her significantly unemployed population. It presents agreeable tax structure and operation fees to the investors making business operations cheaper than other countries such as China, Australia, Philippines, and Ireland. In addition to the economy of scale, business risk mitigation in enhanced the proliferation and establishment of the business process, outsourcing companies in the cooperate environment.
Remarkably, the business process outsourcing sphere in India was one of the most significant growth factors for booming economy. Although the state demarcated its position as cooperates globe focus space for BPO organizations, there are several challenges depicted in the film ‘1-800-India’ that the industry was encountering. Firstly, regular disruptions, according to the film, poor internet and call traffic administration, political instability, as well as recurrent power outages. Principally, the f...