Instructions

Study the passages below and answer the questions.

Passage I
A US economy firmly on the path of revival and robust growth would be of great significance for the world economy and Indian exporters should be looking at a sustained rise in demand in the US. The US economy, as per recent-released figures has already added some 171000 jobs in the month prior. This is shows that the US has made real progress in rejuvenating the economy. Of course, we are quite happy to see the revival of job growth in the US, especially because the Indian industry has had a not so minor role in this development. Indian companies have helped add some 20000 new jobs to the US economy in 2012-13 itself. Future Indian investment directed towards the US is likely to add to this number. Most of these new jobs are actually being created by the Indian Information Technology (IT) sector, which is mistakenly derided as a 'job stealer'by the US. However, empirical evidence clearly suggests that 'outsourcing Improves corporate bottom-lines in the US, which in turn allows corporates to expand, thereby leading to the generation of new jobs. The current rhetoric on outsourcing is overblown and counterproductive. There is after all no real use in creating impediments for a sector that has organically linked our two economies and is helping generate net employment in both lands. A growing India-US economic relationship is necessarily IT enabled.

Question 24

Indian IT sector has created jobs in


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