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Which of the following countries is the world's leading provider of services?

1) Brazil
2) India
3) China
4) Russia

1 Answer

5 votes

Final answer:

India is the world's leading provider of services, particularly in global outsourcing, due to its large English-speaking educated population, low employment costs, and skilled labor force.

Step-by-step explanation:

The world's leading provider of services, especially in terms of global outsourcing, is India. The country has experienced substantial growth in its service sector due to a large number of educated young people who are fluent in English, making India a prime destination for Business Process Outsourcing (BPO). Factors that contribute to India's prominence in the service industry include its widespread use of English as a lingua franca, low employment costs, and an adequately skilled labor base.

While countries like Brazil have significantly urbanized and industrialized, and are major exporters of agricultural products, they are not leading providers of services on a global scale. Similarly, China is more recognized for its manufacturing prowess and aggressive exports rather than its service sector. Therefore, when looking globally at the provision of services, especially in areas like customer services and IT, India stands out.

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