Question

IT business has helped to grow many economies, especially in India. According to Anand Mahindra, managing director of a family business, "Its impact was psychological. It signaled to the world that India was much more than its old historical stereotypes. It suddenly …made the world think that every Indian was smart and could fix their computers." This attitude also fostered an increased entrepreneur spirit in India because the business environment became a more open to trade with India.

According to the quote above, how are current public beliefs and attitudes affecting the Indian economy?

Answer 1

The current public beliefs and attitudes towards IT business in India have positively influenced the country's economy by changing the perception of India as a technologically capable nation and attracting outsourcing opportunities.

Step-by-step explanation:

The quote suggests that the current public beliefs and attitudes towards IT business have had a positive impact on the Indian economy. By highlighting India's technological capabilities and the skills of its people, these beliefs have helped change the perception of India as a country capable of innovation and problem-solving. As a result, India has become a preferred destination for outsourcing and has experienced growth in industries such as information technology and manufacturing.