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Role of Globalization in India's Services Sector and Outsourcing
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Globalization has led to a significant increase in the contribution of the services sector to India's GDP. What is the primary reason for this growth?
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A
All of the above
💡 Explanation:
Globalization has led to an increase in demand for Indian services in global markets, such as IT, software, and financial services. Additionally, rising incomes in India have led to an expansion of the domestic services sector, as more people can afford services such as healthcare, education, and entertainment. Government policies promoting the growth of the services sector have also contributed to its expansion.