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What is one effect of liberalization on India's IT industry?
  • a)
    Expansion of software, BPO, and KPO sectors.
  • b)
    Decrease in foreign direct investment.
  • c)
    Increase in government control over the industry.
  • d)
    Decline in technological advancements.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is one effect of liberalization on India's IT industry?a)Expansio...
One effect of liberalization on India's IT industry is the expansion of the software, BPO (Business Process Outsourcing), and KPO (Knowledge Process Outsourcing) sectors. Liberalization opened up opportunities for foreign companies to invest in India and outsource their business processes to Indian companies. This led to a significant growth in the IT industry, with India becoming a global hub for software development, customer support, and back-office operations. The IT industry has played a crucial role in India's economic growth and has contributed to job creation and technological advancements.
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What is one effect of liberalization on India's IT industry?a)Expansion of software, BPO, and KPO sectors.b)Decrease in foreign direct investment.c)Increase in government control over the industry.d)Decline in technological advancements.Correct answer is option 'A'. Can you explain this answer?
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