Population

• India has a population of 1.2 billion. This provides a large home market for any potential industries.
• The high population of India also provides a large and varied workforce. The region has a large, well educated low cost workforce.
• The government has invested in education.
• 40% of graduates are in science and engineering.
• India now produces more university graduates than the USA and Canada combined.
• Salaries of well educated graduates can be as little as one-tenth of graduates in the USA.
• IT companies have been attracted to the region as a result of this skilled workforce.
• Bangalore is the main location for software companies in the region as the cost of labour is almost a third less than in Europe or America.
• Bangalore is often referred to as India’s Silicon Valley and MNC’s such as IBM and Microsoft are located here.
• 30 British companies have outsourced their teleservice jobs to India e.g. Aviva.
• The country’s English speaking population has attracted many American and European MNC’s.
• The large workforce has also allowed the development of labour intensive craft industries such as weaving and jewellery making.