Evaluate 2 aspects of effect of globalization in India in the last 5 Essay

Evaluate 2 aspects of effect of globalization in India in the last 5 years - Essay Example FDI has tremendous impact in economic development of India. Among the emerging economies, India offers the most liberal and transparent policies on FDI investments. The following table shows how FDI inflows from different countries flew to India. The maximum impact of FDI has taken place in service sector which at 21% includes financial sector, information technology, and travel business. Computer software and hardware businesses are next in the line contributing around 9%. Telecommunication sector has grown rapidly in India due to huge contributions by FDI. There is no surprise that Indian telecom industry which is growing at the rate of 45% has the highest growth rate found in the world. (Chaturvedi, Ila 2011) Indias growth story and FDI has direct linkages. Ratio of FDI Inflow to Gross Capital Formation rose to 9.6 percent in the year 2008, which was found to be only 1.9 percent during 1999-2000. In the same way, ratio of FDI Outflow to Gross Capital Formation went to 4.1 percent in the year 2008 which was ruling at only 0.1 percent during 1999-2000. (Ansari, Shamim 2010) India has been one of the most lucrative destinations for investment in the service sector for its competitive wages and due to huge demand and supply gaps in the sectors like insurance, banking, telecommunication and financial services. India has become a hub for back-office processing, medical transcription services, call centres, knowledge process outsourcing and back office accounting and financial services apart many other services including software and information technology business. The Indias average quarterly Gross Domestic Product Growth rate averaged 8.4 between 2005 and 2010 that reached at its pinnacle in September, 2006. This growth rate should be seen at the back drop of previous growth rates that prevailed around 5.5 percent before 2005. Globalisation means opening up of markets for

Case study ethics Essay Example | Topics and Well Written Essays - 2500 words

Case study ethics - Essay Example on to health and safety of people, making use of stolen code, offering services for the post for which, one is not suitable and capable and production of fake test results. All these ethical problems become a cause for the death of a human being. The leadership of the company, Silicon Techtronics Inc. also took unethical and autocratic decisions due to which, the co-workers were made to take support of unethical steps in order to safe guard their jobs. The time assigned for the development of the software program was not much and in a little time, an imperfect software was developed and this imperfection was hidden from the users. This essay takes into consideration the ethical issues along with the ethical codes applicable on those issues. In addition, it also informs about the philosophical theory that could have brought a change in the results. Randy Samuels was indicted to be involved in the killing of Bart Matthews on the basis of the program that he wrote for the functioning of the arms of the robot. Bart Matthews was the robot operator in the firm. Due to the malfunctioning of the robot, Matthews was put to death. The robot moved its hands violently due to which, Matthews’ skull got damaged and he died at the spot. Randy Samuels was accused because it was analyzed that he made use of the coding language erroneously and carelessly. Randy Samuels misinterpreted the codei due to which, the robot functioned wrong. The ethical consideration that is applicable in this situation is, â€Å"You shall not claim any level of competence that you do not possess. You shall only offer to do work or provide a service that is within your professional competence.†ii When Samuel was not fully sure about his competence and experience, he should not have offered his services for programming. He should have assessed his knowledge and expertise for programming. The resulting death of Matthews indicates that Samuels had not made use of his programming before and he was not