Development Status and Economic Effects of India's Service Outsourcing

Major multinational corporations can boost their core competitiveness, streamline the supply chain, and cut expenses by outsourcing services. India has been leading the development of the global service outsourcing business under the trend of service globalization, and its service outsourcing industry has also developed some very clear tendencies and characteristics. This paper analyzes and studies the current economic effects of India's service outsourcing industry, which is conducive to a better understanding of the current situation and prospects of India's service outsourcing. It is based on the analysis of the long-standing driving factors and unfavorable factors in the development of India's service outsourcing industry.