(i) "Indian economy has certain advantages, which have made it a favourite outsourcing destination." Do you agree with the given statement ? Give valid reasons in support of your answer. (ii) "In the post-reform period the government of India decided to privatise profit making Public Sector Undertakings (PSUs). Do you agree with the given statement ? Give valid arguments in support of your answer. (i) Explain the need and type of land reforms implemented in the agriculture sector. (ii) "Industrial sector performed poorly in the economic reform period." Elucidate the given statement.

Question

Accepted Answer

(i) **I agree** that Indian economy has advantages making it a favourite outsourcing destination. Valid reasons:

1. **Availability of Skilled Manpower:** India has vast skilled manpower, especially in IT and engineering
2. **Favourable Government Policies:** Tax holidays, tax concessions, and other incentives for MNCs
3. **Low Wage Rates:** Cheap labour available for skilled work
4. **Growth of IT Industry:** Indian IT industry has proved its competitive strength globally
5. **English Proficiency:** Large English-speaking population facilitates communication

(ii) **Globalisation Process:**
- Globalisation means integrating national economy with world economy
- Involves removal of barriers on international trade and capital movements
- India integrated through liberalisation, privatisation, and globalisation policies
- Resulted in increased FDI, technology transfer, and economic growth
- However, also led to challenges like job displacement and environmental concerns