Why Outsource Manufacturing Is So Important to Advanced Economy

Every advanced economy derives a majority of their output from services. If something in the economy is adding value without digging it out of the ground or making it in a factory, it's most likely going to be broadly categorized as the service sector. The service sector is so important to advanced economies because it is very sustainable and can make other sectors much more profitable too. But what does this all have to do with India and its potential for future growth? We explore this theory briefly in our video on why economies can grow forever if they are properly managed.