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Write a short note on outsourcing?

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One of the important outcomes of globalisation is ‘outsourcing’. In outsourcing, a company hires service from external sources, mostly from other countries. It was earlier provided internally or within the country.

Outsourcing has intensified with the growth of information technology (IT). Many services such as voice based business process (Business process outsourcing, banking services, music recording, film editing, clinical advice, teaching, etc., are being outsourced by companies in developed countries to India).

Many companies are outsourcing their services to India due to lower cost, better skill and accuracy. The availability of skilled manpower at lower wages nowadays has made India a destination for global outsourcing.

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