Do you think outsourcing is good for India? Why are developed countries opposing it?

Outsourcing is a good concept for the developing countries like India because it benefit us and our economy in the following manner -

•It helps in generating employment opportunities

•It helps in exchange of Technical Know-how from developed countries

•It increases the inflow of investment by improving the international credit worthiness

•It helps in development and formation of human capital by proper training and development programs.

•It helps in modernisation of economy and helps the government in developing a better infrastructural structure.

Outsourcing is opposed by developing countries because it leads to outflow of investments and funds from developed countries to developing countries and as the labour is cheaper in developing countries so more of the work flows from developed to developing countries which results in unemployment in the developed countries.