Make in India Restructuring Indian Economy by Contrasting Model of Outsourcing With Respect to Reverse Outsourcing
NAMAN SEHGAL
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Abstract
In a world full of growing complexities and simplicities, the factors of economies keep moving back and
forth like ripples in a pond. Call it a specialization of labor & resources or cost-effectiveness; outsourcing
may have been known by many vernacular nomenclatures, but it is certainly not a novel concept. Right from
the days of barter to the modern electronic commerce, outsourcing, and its mirror image reverseoutsourcing have come a long way to the 21st century. After the LPG wave of The nineties, India has been
creating the noticeable impact on the global economy. No matter how small or how big, the possibilities are
gaining its momentum in transforming the Indian business globally. The Make in India initiative is a grand
manifestation of a vision making the whole world eyeing for Indian markets.
This paper is a subtle attempt to study the philosophical impact of both sides of the mirror in reference to
outsourcing and reverse outsourcing, along with a pulse on its past, present and future possibilities in
specific reference to Make-In-India initiative on the Indian economy.
Keywords: Outsourcing; Reverse Outsourcing; Make-In-India; LPG; Specialization of Resources; Indian Economy; IT industry; Cost Effectiveness
References
- http://www.investopedia.com/terms/o/outsourcing.asp