Question

Write what was effect of the current economic slowdown on the service sector of India.

Answer 1

The impact of the globalisation of 1991 , was seen in the tremendous way of India. A fierce competition ensued between the trading nations. Now people started judging the quality of the goods on the basis of its price. Due to globalization, privatization and liberalization field work started getting direct. People got the opportunity to go to other countries and get employment.

The effect of the current economic recession was on many countries of the world, but India was less affected by this economic recession. Our engineers provided strength to the service sector of India's information technology. The capital market here is so strong that it allowed the effect of the economic slow down to diminish on India. Engineers appointed abroad of our state became useless due to which the income of the state decreased.