Management Aptitude Test Dec 2013 Paper

Passage1
A US economy Firmly on the path o f revival and robust growth would be o f 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 job s in the month prior. This shows that the US has made real progress in rejuvenating the economy. O f 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 job s to the US economy in 2012-13 itself. Future Indian investment directed towards the US is likely to add to this number. Most o f these new jo b s 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 o f 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.